Program Brief

This training program aims to prepare participants with the knowledge and skills necessary to pass the mandatory Professional Exam “IFSAH”. This exam “IFSAH” is a mandatory test by Saudi Exchange, targeting all disclosure officials for issuers of securities and investment funds. This program covers a significant part of knowledge required to work in the stock market, enabling them to understand relevant laws, regulations, and specific instructions that govern and regulate the work of companies and funds listed in the capital market. As well as the regulations and mechanisms for dealing with troubled companies.

Program Topic
  • Law and Regulatory Knowledge
Job Families
Program Goals

At the end of the training program, the participant should be able to:

  • Acquire knowledge and skills to pass the mandatory Professional Exam “IFSAH”.
  • Understand the roles and responsibilities of a data disclosure official to ensure compliance with Saudi Capital Market laws and regulations.
  • Utilize the electronic disclosure system to enhance the performance of personnel of capital market and maximize the benefits of the electronic system.
  • rules governing the work of companies and funds in the Saudi Capital Market.
  • Recognize the importance of disclosure to investors and its impact on stock prices.
Program Agenda
Module 1: Introduction to IFSAH Professional Exam
  • 1 Exam objectives

    • 2 Who should get the certificate

      • 3 Exam details and requirements

        Module 2: The Saudi Stock Exchange
        • 1 Historical overview

          • 2 Capital Market Authority

            • Authority's duties and power

            • 3 Saudi financial market

              • Objectives and tasks of the authority

                • Authority departments and committees

                • 4 Committee for the Resolution of Securities Disputes

                  • 5 Manipulation and insider trading

                    Module 3: Electronic Disclosure System (IFSAH)
                    • 1 General principles of disclosure

                      • 2 The importance of disclosure and its impact on stock prices

                        • 3 Electronic Disclosure System (IFSAH)

                          • Its objectives and characteristics

                            • Types of users and their permissions

                              • Electronic system services and functions

                                • Method of data acceptance and rejection in the (IFSAH)

                                • 4 Methods for displaying the information entered in (IFSAH)

                                  • 5 Roles, duties and responsibilities of discloser (Liaison officer)

                                    • 6 Ads on the Tadawul website

                                      • Related responsibilities

                                        • Times for trading and times allowed for announcement

                                        • 7 Common issues

                                          Module 4: Rules and Regulations Related to Listed Companies’ Disclosures
                                          • 1 Corporate Governance Regulations

                                            • Objectives of the regulation

                                              • Related stakeholders and their respective responsibilities

                                                • Corporate structures

                                                  • Reports and disclosure requirements

                                                  • 2 Procedures and instructions for companies with accumulated losses of more than 20%

                                                    • 3 Instructions on announcements of Joint-stock companies listed in Saudi stock

                                                      • 4 Listing requirements and obligations

                                                        Module 5: Rules and Regulations Related to Investment Funds Disclosures
                                                        • 1 Investment Funds Disclosures

                                                          • 2 Investment fund management

                                                            • investment decisions

                                                              • Fund manager duties

                                                                • Fund unit holder’s records

                                                                • 3 Fund types

                                                                  • public funds

                                                                    • Specialized Public Funds

                                                                    • 4 Securities Advertisements and Promotional Materials

                                                                      • 5 Real estate investment traded fund advertisements

                                                                        • 6 Breach of Investment Limitations

                                                                          • 7 Fund reports

                                                                            Module 6: Financial Statements and Report (XBRL)
                                                                            • 1 Define (XBRL) as a financial and business reporting tool

                                                                              • 2 of using Extensible Business Reporting Language (XBRL)

                                                                                • 3 Using (XBRL) as a financial and accounting disclosure tool

                                                                                  • 4 Financial reporting and improvement of disclosure methods

                                                                                    Program Requirements

                                                                                    Not Available

                                                                                    Program Path

                                                                                    Names of the training programs that are integrated (enriched) with the training program:

                                                                                    • Not Available

                                                                                    Names of the training programs that after the training program:

                                                                                    • Not Available
                                                                                    Program Method
                                                                                    • Lecture
                                                                                    • Case Studies
                                                                                    • Dialogue Teams
                                                                                    • Exercises and assignments
                                                                                    Evaluation Method
                                                                                    • Pre Exam
                                                                                    • Post Exam
                                                                                    • Simulation Test for professional exam
                                                                                    Training Type
                                                                                    • Online Training

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