Tadawul permits Riyad Capital to conduct market making activities on Aramco

10/09/2023 Argaam
Logo of Saudi Arabian Oil Co. (Saudi Aramco)

Logo of Saudi Arabian Oil Co. (Saudi Aramco)

The Saudi Exchange Co. (Tadawul) approved Riyad Capital's application to undertake market-making activities on Saudi Arabian Oil Co. (Saudi Aramco) as of Sept. 12, 2023.

 

According to a Tadawul statement today, Sept. 10, 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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