AMAK gets approval to appoint Al Rajhi Capital as market maker

18/02/2024 Argaam

AMAK gets approval to appoint Al Rajhi Capital as market maker

Logo of Almasane Alkobra Mining Co. (AMAK)

Almasane Alkobra Mining Co. (AMAK) announced that the request to appoint Al Rajhi Capital as a market maker for the company’s shares was approved on Feb. 15.

 

Al Rajhi Capital will conduct market-making activities starting from Feb. 18, AMAK said in a statement to Tadawul. The appointment period is six months from the date of the agreement, subject to extension.

 

AMAK board of directors decided in January to appoint Al Rajhi Capital as a market maker for the company’s shares, to support liquidity in share trading, Argaam earlier reported.

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