Logo of Riyad Capital
The Saudi Exchange Co. (Tadawul) gave the go-head for Riyad Capital to conduct market making activities on Al Rajhi Bank and Americana Restaurants International Co. as of July 16, according to Tadawul website.
The market maker obligations on Al Rajhi Bank are as follows:
- Minimum presence of orders: 80%.
- Minimum size: SAR 500,000.
- Maximum spread: 0.3%.
The market maker obligations on Americana include the following:
- Minimum presence of orders: 60%.
- Minimum size: SAR 500,000.
- Maximum spread: 0.45%.
- Minimum value traded: ≥5%.
Riyad Capital will conduct market making activities as defined in the market making regulations and market making procedures.
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