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Master Listing Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

Master Listing Agreement

"I need a Master Listing Agreement for a technology company planning to list on Tadawul in March 2025, with specific provisions for dual-listing options and enhanced Shariah compliance requirements."

Document background
The Master Listing Agreement serves as the primary contractual framework for companies seeking to list their securities on the Saudi Stock Exchange (Tadawul). This document is essential when a company engages a listing agent or financial advisor to assist with the initial public offering (IPO) process or other forms of listing in Saudi Arabia. The agreement covers comprehensive services including regulatory compliance, documentation preparation, and liaison with the Capital Market Authority (CMA). It includes specific provisions required under Saudi law, including Shariah compliance requirements, and addresses both the initial listing process and ongoing obligations. The Master Listing Agreement is particularly crucial in the Saudi Arabian context due to the unique regulatory environment and the need to comply with both international listing standards and local requirements.
Suggested Sections

1. Parties: Identification of the listing agent/advisor and the company seeking listing services

2. Background: Context of the agreement, including the company's intention to list and the advisor's qualifications

3. Definitions: Key terms used throughout the agreement, including regulatory and market-specific terminology

4. Appointment and Scope: Formal appointment of the listing advisor and detailed scope of services

5. Listing Agent Obligations: Detailed responsibilities of the listing agent including regulatory compliance and advisory services

6. Company Obligations: Company's responsibilities including information provision, cooperation, and compliance with regulations

7. Fees and Payment Terms: Fee structure, payment schedule, and related terms including success fees

8. Representations and Warranties: Standard and specific warranties from both parties, including Shariah compliance representations

9. Confidentiality: Provisions for handling confidential information and market-sensitive data

10. Term and Termination: Duration of the agreement and circumstances for termination

11. Liability and Indemnification: Allocation of risks and responsibilities between parties

12. Compliance with Laws: Obligations to comply with Saudi laws, CMA regulations, and Shariah principles

13. Dispute Resolution: Procedure for resolving disputes under Saudi law

14. General Provisions: Standard boilerplate clauses adapted to Saudi law requirements

Optional Sections

1. Islamic Finance Compliance: Detailed section on Shariah compliance - required if the listing involves Islamic securities or Sukuk

2. Foreign Investment Provisions: Additional provisions required when the company involves foreign ownership or investment

3. Multiple Listing Provisions: Required when contemplating listing on multiple exchanges

4. Underwriting Services: Include if the listing agent will also provide underwriting services

5. Post-Listing Support: Optional provisions for ongoing support services after successful listing

6. Marketing and Promotion: Optional section covering promotion of the listing to potential investors

7. Force Majeure: Detailed force majeure provisions - recommended for longer-term engagements

Suggested Schedules

1. Schedule 1 - Services Description: Detailed scope of listing agent services and deliverables

2. Schedule 2 - Fee Structure: Detailed breakdown of fees, including success fees and payment milestones

3. Schedule 3 - Timeline and Key Milestones: Expected timeline for the listing process and key deliverables

4. Schedule 4 - Required Documentation: List of documents required from the company for the listing process

5. Schedule 5 - Key Personnel: Key team members from both parties involved in the listing process

6. Schedule 6 - Compliance Checklist: Checklist of regulatory requirements and CMA regulations

7. Appendix A - Power of Attorney: Standard form of power of attorney if required for listing process

8. Appendix B - Shariah Compliance Requirements: Specific Shariah compliance requirements and certifications

9. Appendix C - Standard Forms: Standard forms and templates required during the listing process

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions

















































Clauses










































Relevant Industries

Financial Services

Banking

Investment Banking

Capital Markets

Professional Services

Legal Services

Corporate Services

Advisory Services

Securities Trading

Financial Technology

Relevant Teams

Legal

Finance

Compliance

Corporate Governance

Treasury

Corporate Affairs

Investor Relations

Risk Management

Corporate Development

Executive Leadership

Board of Directors

Regulatory Affairs

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Legal Counsel

Compliance Officer

Investment Banking Director

Listing Agent

Financial Advisor

Corporate Finance Director

Regulatory Affairs Manager

Company Secretary

Board Secretary

Treasury Manager

IPO Manager

Capital Markets Director

Corporate Governance Officer

Industries









Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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