Tabadul and Albilad Financial form partnership for index funds

The Saudi Exchange (Tadawul) has approved the request from Albilad Financial Company to carry out market-making activities for exchange-traded funds (ETFs), including the Albilad Saudi Sovereign Sukuk ETF and the Albilad MSCI Saudi Growth Stocks ETF. This approval is effective starting September 21. The obligations include maintaining a minimum order persistence of 80%, a minimum order size of 50,000 Riyals, and a maximum bid-offer spread of 2% across all involved funds. The goal of this initiative is to enhance the liquidity of these funds and facilitate more efficient trading.

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تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

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