logo
Tadawul cancels outstanding orders amid tick size changes

Tadawul cancels outstanding orders amid tick size changes

Argaam4 hours ago

The Saudi Exchange (Tadawul) canceled today, June 26, all outstanding orders after market close to prepare for upcoming changes to price tick size bands on the Main Market (TASI) and Nomu-Parallel Market.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Musk calls Lebanese president as Starlink seeks license
Musk calls Lebanese president as Starlink seeks license

Arab News

timean hour ago

  • Arab News

Musk calls Lebanese president as Starlink seeks license

BEIRUT: Billionaire businessman Elon Musk and Lebanese President Joseph Aoun spoke by phone to discuss making elements of Musk's sprawling business empire available in Lebanon, a statement from Aoun's office said on Thursday. The statement said Musk called Aoun and 'expressed his interest in Lebanon and its telecommunications and Internet sectors.' Aoun invited Musk to visit Lebanon and said he was open to having Musk's companies present in the country, which ranks among the countries with the lowest Internet speeds. The call came just weeks after Aoun and other top Lebanese officials met with Starlink's Global Director of Licensing and Development, Sam Turner, in Beirut for talks on providing satellite Internet services in Lebanon. US ambassador Lisa Johnson was pictured attending those meetings. The negotiations have prompted some pushback in Lebanon. Internet access in the country has so far been operated exclusively by state-owned companies and their affiliates, who are lobbying the government not to license Starlink. Starlink recently received licenses to operate in India and Lesotho.

Dubai's ISD Sports City partners with Real Madrid in landmark deal
Dubai's ISD Sports City partners with Real Madrid in landmark deal

Arab News

time2 hours ago

  • Arab News

Dubai's ISD Sports City partners with Real Madrid in landmark deal

DUBAI: ISD Sports City has announced a landmark partnership with the Real Madrid Foundation to manage a new branch of the Real Madrid Foundation Educational Football Program in Dubai. For the latest updates, follow us @ArabNewsSport The deal was announced with a commemorative photograph taken with Daniels Petrovs, CEO of ISD Sports City, and the Real Madrid Ambassador Roberto Carlos, marking the official launch of the collaboration. Real Madrid Foundation will bring its unique program that combines education and sports to ISD's world-class facilities, already home to state-of-the-art pitches. These include the latest hybrid-generation football fields, with all-natural pitches slated for hybrid conversion by the end of the year, an upgrade that positions ISD as a premier destination for international teams and events. 'Dubai is increasingly becoming the global epicentre for sport and youth development,' said Petrovs. 'Partnering with the Real Madrid Foundation allows us to elevate our football offering to high-quality standards while giving children across the UAE access to an unique experience and facilities. 'Our goal is simple: to build a center of excellence that sets the benchmark globally.' Petrovs, who has led ISD for the past 15 months, brings his expertise in building modern sports facilities, including converting all pitches to hybrid surfaces and also embedding sustainability and performance into every inch of ISD's infrastructure.

Tadawul approves amended listing rules, procedures
Tadawul approves amended listing rules, procedures

Argaam

time3 hours ago

  • Argaam

Tadawul approves amended listing rules, procedures

The Saudi Exchange (Tadawul) announced today, June 26, updates to its stock split mechanism, thus ensuring that changes in share quantities and nominal values are reflected in investors' portfolios immediately. In a statement on its website today, June 26, Tadawul said the CMA approved the updated listing rules, revised procedures for off-exchange trading of suspended companies' shares, and updated procedures for suspending trading of listed securities. Tadawul's board also approved amendments to trading and membership procedures. The changes aim to address the impact of nominal value splits and improve market efficiency by adjusting tick size structures across price ranges in the Main Market (TASI) and Nomu-Parallel-Market, excluding debt instruments. The updated rules and procedures took effect upon publication. Some provisions have specific effective dates: Subparagraph (8) of Paragraph (C), Article 37 of the amended Listing Rules and Subparagraph (6) of Paragraph (A) in the suspension procedures are valid from publication until June 30, 2025. Paragraph (3-12), Article 3 of the trading and membership procedures takes effect July 1, 2025, while Table (2), Subparagraph (8-1-1), Article 8 becomes effective June 29, 2025.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store