Morgan Stanley 'market maker' for 40 TASI, Nomu firms

Logo of Saudi Exchange (Tadawul)

The Saudi Exchange (Tadawul) approved Morgan Stanley KSA’s request to conduct market-making activities on 40 companies listed on the Main Market (TASI) and the Nomu-Parallel Market, starting July 15.

Tadawul noted that Morgan Stanley KSA will adhere to the existing market-making rules and procedures.

The Tadawul-listed companies are Leejam Sports Co., Maharah Human Resources Co., Alkhorayef Water and Power Technologies Co., Saudi Paper Manufacturing Co., Yamama Cement Co., Riyadh Cement Co., Jamjoom Pharmaceuticals Factory Co., Middle East Pharmaceuticals Industries Co., Saudi Automotive Services Co. (SASCO), Arabian Contracting Services Co. (Al Arabia), Arriyadh Development Co., Thimar Development Holding Co., Fawaz Abdulaziz Alhokair Co. (Cenomi Retail), Alkhaleej Training and Education Co., Retal Urban Development Co., Shatirah House Restaurant Co. (Burgerizzr), Ash-Sharqiyah Development Co., Al Moammar Information Systems Co. (MIS), Mutakamela Insurance Co., and Wataniya Insurance Co.

In Nomu, the companies under coverage are Multi Business Group Co., Molan Steel Co., Saudi Lime Industries Co., Al Ashghal Almoysra Co., Miral Dental Clinics Co., Paper Home Co., Albattal Factory for Chemical Industries Co., Almujtama Alraida Medical Co., Mufeed Co., United Mining Industries Co., Taqat Mineral Trading Co., Atlas Elevators General Trading and Contracting Co., WSM for Information Technology Co., Arabian International Healthcare Holding Co., First Avenue for Real Estate Development Co., Digital Research Co., ASG Plastic Factory Co., Balsm Alofoq Medical Co., Fesh Fash Snack Food Production Co., and Munawla Cargo Co.