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.