Logo of Saudi Arabian Oil Co. (Saudi Aramco)
The Saudi Exchange Co. (Tadawul) approved Merrill Lynch KSA’s application for conducting market-making activities on Saudi Arabian Oil Co. (Saudi Aramco) as the first international market maker as of March 19, 2024.
The market maker obligations on Saudi Aramco are as follows:
- Minimum Presence of Orders: 80%
- Minimum Size: 500,000 SAR
- Maximum Spread: 0.30%
Merrill Lynch KSA will be conducting market-making activities as defined in the market making regulations and procedures, Tadawul said in a statement.
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