المادة 107(a): Restriction on Secondary Market Activity

a. Subsequent transfers of securities issued by a foreign fund offered in accordance to the provisions of Article (101) of these Regulations to any person in the Kingdom may only be made:

1) to existing securities holders,

2) to investors under the categories of institutional and qualified clients,

3) where the maximum amount payable for such securities is not more than (200) thousand Saudi Riyals, or an equivalent amount.