Tadawul and Merrill Lynch Saudi to Perform Market-Making
The Saudi Stock Exchange (Tadawul) announced that it has approved Merrill Lynch Saudi's application to act as a market maker for 13 listed securities on the Main Market and Nomu Market, starting from September 9. The market maker obligations for stocks listed on the Main Market include companies such as Al Rajhi Insurance, Savola, Retal, Saudi Telecom, and Al Ahli Medical Services, with specific conditions regarding orders, price spreads, and trading volume. For the Nomu Market, obligations cover companies like Aider Real Estate and Group Five Saudi Arabia, with lower standards for expectations and liquidity. The aim of this initiative is to enhance liquidity and facilitate trading of the listed securities on both markets.
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