Tadawul permits Riyad Capital to conduct market making activities on SNB

10/08/2023 Argaam
Logo of Saudi Exchange Co. (Tadawul)

Logo of Saudi Exchange Co. (Tadawul)

The Saudi Exchange Co. (Tadawul) announced approving the application received from Riyad Capital to conduct market activities on Saudi National Bank (SNB), as of Aug. 14.

 

According to a Tadawul statement today, Aug. 10, the market maker obligations on SNB are as follows: 

 

- Minimum presence of orders: 80%

 

- Minimum size: SAR 500,000

 

- Maximum spread: 0.30%

 

Riyad 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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