SNB Capital, Q Market Makers partner to initiate market making activities on Tadawul

01/08/2023 Argaam
Logo ofSNB Capital

Logo of SNB Capital

SNB Capital signed a deal with Q Market Makers LLC (QMM), under which the latter will start market making activities on the Saudi Exchange (Tadawul) as the first market maker on Saudi Aramco, through SNB Capital as an exchange member, executing broker and custodian.

 

According to a statement picked by Argaam today, Aug. 1, QMM is an Abu Dhabi Securities Exchange (ADX)-licensed market maker.

 

The agreement was activated today, on the sidelines of a Tadawul-organized ceremony to celebrate the launch of market making activity.

 

Tadawul approved, on July 27, the application received from SNB Capital to conduct market activities on Saudi Aramco starting today, Argaam’s data showed.

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