Tadawul permits Riyad Capital to conduct market making activities on stc

12/09/2023 Argaam

Tadawul permits Riyad Capital to conduct market making activities on stc

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The Saudi Exchange Co. (Tadawul) approved Riyad Capital's application to undertake market-making activities on stc as of Sept. 14.

 

According to a Tadawul statement today, Sept. 12, the market maker obligations on Saudi Aramco are as follows:

 

- Minimum presence of orders: 80%.

 

- Minimum size: SAR 500,000.

 

- Maximum spread: 0.30%.

 

Riyadh Capital will be conducting market making activities as defined in the market making regulations and the market making procedures, it added.

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