Logo of Saudi Exchange Co. (Tadawul)
The Saudi Exchange Co. (Tadawul) approved Al Rajhi Capital’s request to conduct market making activities on Al-Mommar Information Systems Co. (MIS) and Arabian Centres Co. (Cenomi Centers), as of July 5, according to Tadawul website.
The market maker obligations on MIS include the following:
– Minimum presence of orders: 70%.
– Minimum size: SAR 150,000.
– Maximum spread: 0.40%.
Meanwhile, the market maker obligations on Cenomi Centers are:
– Minimum presence of orders: 80%.
– Minimum size: SAR 150,000.
– Maximum spread: 0.30%.
Al Rajhi Capital will conduct the market making activities as defined in the market making regulations and the market making procedures.
On June 1, MIS board approved appointing Al Rajhi Capital as a market maker to support its liquidity. On June 8, Cenomi Centers gave a nod to appointing Al Rajhi Capital as a market maker, as reported earlier by Argaam.
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