Tabadul Ends Market-Making Deals
Tadawul Saudi Arabia announced its approval of Morgan Stanley Saudi Arabia's request to cease market-making activities on two listed companies, Ritaj Development and Al-Jada First Development. The cessation will take effect on October 19, 2026, in accordance with regulatory procedures, aimed at organizing the stock market and achieving price stability. Market-making is considered a vital role in enhancing liquidity and reducing volatility, and the request for termination will undergo thorough review to ensure compliance and communication with investors. This decision comes as part of efforts to improve market structure and meet regulatory requirements to ensure the stability of the financial markets in the Kingdom.
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