Saudi Tadavul Grants Market-Making Activities for Al-Moammar Information Systems and Sinomi Centers

Saudi Tadavul has granted the request of Al-Rajhi Capital to conduct market-making activities for the shares of Al-Moammar Information Systems and Sinomi Centers starting from July 5, 2023.

Tadavul said in a statement Tuesday that the market maker’s obligations to Al Moammar Information Systems are as follows:

Minimum order retention: 70%.
Minimum order: 150,000 rials.
Maximum price difference: 0.40%.

She added that the obligations of a market maker to Senomy Centers are as follows:

Minimum order retention: 80%.
Minimum order: 150,000 rials.
Maximum price difference: 0.30%.

She clarified that the market making practice will be carried out by Al-Rajhi Capital as specified in the market making rules and procedures.