Tadawul permits SNB Capital to conduct market making activities on Aramco

The Saudi Exchange Co. (Tadawul) announced  approving the application received from SNB Capital to conduct market activities on Saudi Arabian Oil Co. (Saudi Aramco), as of Aug. 1, 2023.

According to a Tadawul statement today, July 27, the market maker obligations on Saudi Aramco are as follows: 

- Minimum presence of orders: 80%

- Minimum size: SAR 500,000

- Maximum spread: 0.30%

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

Source: Argaam