Edaa launches omnibus accounts in Saudi debt market

Tadawul trading screen

The Saudi Securities Depository Center (Edaa) launched omnibus accounts in the Saudi debt market, aiming to boost the market's appeal and enhance operational efficiency.

In a statement on Tadawul, Edaa said that the omnibus account streamlines trade processing by consolidating assets from multiple investors into a single account, providing an improved investment experience and greater market access.

The initiative introduces a new custody model, allowing financial market institutions to manage multiple investors’ assets with enhanced flexibility and efficiency.