Tadawul permits Riyad Capital to conduct market making activities on Aramco

10/09/2023 Argaam

Tadawul permits Riyadh Capital to conduct market making activities on Aramco

Logo of Saudi Arabian Oil Co. (Saudi Aramco)

The Saudi Exchange Co. (Tadawul) approved Riyad Capital's application to undertake market-making activities on Saudi Arabian Oil Co. (Saudi Aramco) as of Sept. 12, 2023.

 

According to a Tadawul statement today, Sept. 10, the market maker obligations on Saudi Aramco are as follows:

 

- Minimum presence of orders: 80%

 

- Minimum size: SAR 500,000

 

- Maximum spread: 0.30%

 

Riyadh Capital will be conducting market making activities as defined in the market making regulations and the market making procedures, it added.

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