Fund Liquidation
Refers, wherever mentioned in the Investment Funds Regulations and the Real Estate Investment Funds Regulations, to a maximum period of six months from the day following the fund’s termination date, during which the fund’s assets must be fully liquidated in accordance with the provisions of the Investment Funds Regulations and the Real Estate Investment Funds […]
Forced Liquidation (Margin Call Liquidation)
The compulsory sale of an investor’s assets or securities by a broker or lender when the investor fails to meet a margin call or maintain the required collateral level, to recover funds owed.
Cumulative Voting
A type of voting in which a shareholder is granted a number of votes for candidates equal to the number of candidates multiplied by the number of shares they own — and the total votes can be given to a single candidate.
Registrar Adjustments
Registrar Adjustments – A type of operation performed by the registrar to adjust the share balance in the system as a result of any material corporate events
Listing Suspension
This suspension is carried out either by the regulatory authority, which is the listing authority, or at the request of the listed company. Accordingly, all trading on the share is halted and all orders are cancelled from the order book.
Shareholder Circular
Means, for the purpose of the Securities Offering Rules and Continuing Obligations, the document required in certain cases for the amendment of the issuer’s capital, in order to enable shareholders to vote at the relevant General Assembly on an informed basis.
Percentage Price Change
It refers to the change in a security’s price between two time periods, and it is calculated as follows: (price change between the two periods / base period price × 100).
Price Change in Riyals
The difference in the price of a security between two time periods. For example: the price change of a company’s stock during a trading day equals the difference between its closing price and opening price.
Independent Audit
Professional work performed by an independent certified public accountant at an entity by examining its accounting information and financial statements to determine the extent of the entity’s application of generally accepted accounting practices and principles
Annual Audit
The annual audit of an entity’s financial statements by a certified auditor and the issuance of their report on the financial statements.