​The Capital Market Authority is considered a regulatory and supervisory body that is responsible for organizing and developing the Capital Market. This is done by issuing the necessary rules, regulations and instructions to apply in order to provide the proper atmosphere for trust, fairness and efficiency in issuing securities as well as justice and full discloser in joint stock companies listed on the exchange and protect the investors in the Capital Market. CMA is a supervisory body fully independent from Saudi Stock Exchange Company. It works to make sure that the rules and regulations are applied correctly in order to organize the market.  The Saudi Exchange is a company that is fully owned subsidiary by Saudi Tadawul Group and was established in March 2021 following the transformation of the Saudi Stock Exchange (Tadawul) into a holding company, Saudi Tadawul Group. The Saudi Stock Exchange Company carries out listing and trading in securities for local and international investors, as it is considered the stock exchange concerned with securities trading activities and the official source of all market information, the Saudi Stock Exchange Company is instrumental to achieving long-term growth plans for the Group and providing market participants with attractive and diversified investment opportunities.​