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The Capital Market Authority (CMA) of Saudi Arabia has ensured the integrity and full operational readiness of its systems despite global technical disruptions affecting various sectors.
The CMA has been working closely with relevant authorities to guarantee uninterrupted service for all investors during Sunday’s trading sessions.
Listed companies in the financial market have been instructed to disclose any significant developments related to the issue.
The Saudi Stock Exchange, Tadawul, has also confirmed the reliability and readiness of its systems to ensure uninterrupted service for all investors.
Technical teams are continuously monitoring the systems to ensure the continuous functioning of services and the technical infrastructure, ensuring business continuity and system efficiency in the market.
The impact of the global technical crisis on the Kingdom has been limited, according to the Saudi National Cybersecurity Authority (NCA).
The NCA referenced media reports of widespread technical failures in critical sectors worldwide and clarified that the impact on national entities in Saudi Arabia has been minimal.
The NCA attributed these global disruptions to a technical error in a product update released by cybersecurity firm CrowdStrike early Friday morning.
The NCA acknowledged the strong support and backing from Saudi leadership for the cybersecurity sector, enabling proactive measures to detect and address cyber threats and risks.
It has also been committed to fostering local cybersecurity capabilities and enhancing technological sovereignty.
The NCA affirmed that its cybersecurity regulations and standards have strengthened the security and reliability of the Kingdom’s cyberspace, positively impacting the protection of national entities and critical infrastructure.
