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Eye of Riyadh
Business & Money | Monday 10 June, 2024 8:41 am |
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Al Rajhi Capital to conduct market-making activities on Banan

The Saudi Exchange Co. (Tadawul) approved Al Rajhi Capital’s application for conducting market-making activities on Nomu-listed Banan Real Estate Co. as of June 11. 

 

According to a Tadawul filing today, June 9, the market maker obligations on Banan are as follows:

 

- Minimum Presence of Orders: 50%.

 

- Minimum Size: SAR 100,000.

 

- Maximum Spread: 5%.

 

Tadawul also said Al Rajhi Capital will be conducting market-making activities as defined in the market-making regulations and procedures.

 

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