Tadawul activates cancelling outstanding orders in the corporate action resulting in price adjustment

The Saudi Stock Exchange (Tadawul) will commence today, June 1, 2020, the activation of cancelling all outstanding orders in the event of a corporate action resulting in a security price adjustment conducted by Tadawul (capital hike or capital cut).

Cancelling outstanding orders is conducted to protect investors and limit matching of orders which were placed based on previous valuations prior to conducting price adjustments.

The process will take place during the same day in which corporate action resulting in a security price adjustment is applied.