Latest news with #SaudiExchangeCompany
Zawya
10-03-2025
- Business
- Zawya
Saudi Exchange approves Morgan Stanley Saudi Arabia as Market Maker on eight listed securities
RIYADH — The Saudi Exchange Company has approved Morgan Stanley Saudi Arabia to conduct Market Making activities on eight listed securities in both the Main Market and Nomu – Parallel Market, effective March 10, 2025. In the Main Market, Morgan Stanley Saudi Arabia will act as a Market Maker for Arabian Internet and Communications Services Co. (7202), Electrical Industries Co. (1303), Elm Co. (7203), and The Company for Cooperative Insurance (8010). The Market Maker obligations for these securities include a minimum presence of orders at 80%, minimum sizes ranging from SR75,000 to SR150,000, and a maximum spread of 0.65%. In the Nomu – Parallel Market, Market Making activities will apply to National Environmental Recycling Co. (9540), International Human Resources Co. (9545), Almuneef Company for Trade, Industry, Agriculture and Contracting (9569), and Aqaseem Factory for Chemicals and Plastics Co. (9539). These securities will have a minimum presence of orders at 50%, minimum size of SAR 50,000, and a maximum spread of 5.00%. Morgan Stanley Saudi Arabia will operate under the Market Making Regulations and Procedures set by the Saudi Exchange, facilitating liquidity and efficiency in the market. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Saudi Gazette
09-03-2025
- Business
- Saudi Gazette
Saudi Exchange approves Morgan Stanley Saudi Arabia as Market Maker on eight listed securities
Saudi Gazette report RIYADH — The Saudi Exchange Company has approved Morgan Stanley Saudi Arabia to conduct Market Making activities on eight listed securities in both the Main Market and Nomu – Parallel Market, effective March 10, 2025. In the Main Market, Morgan Stanley Saudi Arabia will act as a Market Maker for Arabian Internet and Communications Services Co. (7202), Electrical Industries Co. (1303), Elm Co. (7203), and The Company for Cooperative Insurance (8010). The Market Maker obligations for these securities include a minimum presence of orders at 80%, minimum sizes ranging from SR75,000 to SR150,000, and a maximum spread of 0.65%. In the Nomu – Parallel Market, Market Making activities will apply to National Environmental Recycling Co. (9540), International Human Resources Co. (9545), Almuneef Company for Trade, Industry, Agriculture and Contracting (9569), and Aqaseem Factory for Chemicals and Plastics Co. (9539). These securities will have a minimum presence of orders at 50%, minimum size of SAR 50,000, and a maximum spread of 5.00%. Morgan Stanley Saudi Arabia will operate under the Market Making Regulations and Procedures set by the Saudi Exchange, facilitating liquidity and efficiency in the market.
Zawya
19-02-2025
- Business
- Zawya
Saudi rolls out new capital management system for IPOs
Saudi Arabia's stock exchange has rolled out a new capital management system (CMS) to enhance the initial public offering (IPO) process within the kingdom's capital market. The new platform is meant to improve transparency in public offerings, provide investors with a wider access to investment opportunities, as well as keep the subscription experience seamless and less time-consuming. The initiative is in line with the strategy to further develop the Saudi capital market and attract more investors. The system has been pilot tested in the Saudi Stock Exchange (Tadawul) Main Market. The Saudi Exchange Company said on Tuesday that the system will now be fully launched to receive subscriptions for a wide range of securities. As for issuers, the new platform will help them save time in accessing the market. They will be able to list their financial securities more efficiently, as well as reach more investors. The new CMS will also benefit financial institutions and subscription managers, with administrative burdens now reduced and the subscription workflow streamlined. They will also be able to manage their IPOs with 'greater flexibility'. (Writing by Cleofe Maceda; editing by Seban Scaria)
