Al Rajhi Capital gets Tadawul nod to conduct market making on Sure, AMAK

The Saudi Exchange Co. (Tadawul) approved Al Rajhi Capital's request to conduct market-making activities on Nomu-listed Sure Global Tech Co. and Tadawul-listed Almasane Alkobra Mining Co. (AMAK), as of Feb. 18, according to Tadawul website.

 

The market maker obligations on AMAK include the following:

 

- Minimum presence of orders: 80%.

 

- Minimum size: SAR 300,000.

 

- Maximum spread: 0.30%.

 

- Minimum traded value: ≥10%.

 

Meanwhile, the market maker obligations on Sure are:

 

- Minimum presence of orders: 50%.

 

- Minimum size: SAR 100,000.

 

- Maximum spread: 5.00%.

 

Al Rajhi Capital will conduct market-making activities as defined in the market-making regulations and procedures.