Tadawul OKs ceasing AMAK market-making deal with Al Rajhi Capital

20/03/2025 Argaam
Logo ofAlmasane Alkobra Mining Company (AMAK)

Logo of Almasane Alkobra Mining Company (AMAK)

The Saudi Exchange (Tadawul) approved Al Rajhi Capital’s request to terminate its market-making agreement with Almasane Alkobra Mining Co. (AMAK).

 

In a statement to Tadawul, the company said the termination took effect as of today, March 20.

 

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According to data available on Argaam, Tadawul had approved in February 2024 Al Rajhi Capital’s request to conduct market-making activities for AMAK for an initial six-month term. Market-making operations began on Feb. 18, 2024, under the regulatory framework.

 

In August 2024, AMAK extended Al Rajhi Capital’s mandate for another six months. The extension, which ran from Aug. 19, 2024, to Feb. 18, 2025, aimed to support the stock’s trading liquidity.

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