RIYADH: Public debt issuers in Saudi Arabia can now expect faster regulatory reviews if their offerings carry a credit rating, as the Kingdom moves to boost issuance and expand its fixed-income investor base.
The Capital Market Authority has introduced a fast-track mechanism for public debt offering applications that agencies licensed by the regulator have rated. The incentive will remain in effect through the end of 2026, according to a press release.
By encouraging issuers to obtain credit ratings, the CMA aims to increase investor participation and improve risk assessment across the market.
The move comes amid Saudi Arabia’s ongoing efforts to develop a more diversified and resilient financial system under Vision 2030.
Strengthening the domestic capital market, particularly fixed income, is a strategic priority for the Kingdom as it seeks to reduce dependence on oil revenues, channel more private capital into economic development, and empower the private sector as a driver of growth.
