Morgan Stanley named market maker for SIECO, Al Kathiri

04:26 PM (Mecca time) Argaam
Logo of Saudi Exchange (Tadawul)

Logo of Saudi Exchange (Tadawul)

Saudi Exchange (Tadawul) approved Morgan Stanley Saudi Arabia’s request to conduct market-making activities on Saudi Industrial Export Co. (SIECO) and Al Kathiri Holding Co., starting Oct. 14.

 

For SIECO and Al Kathiri, market-maker obligations include maintaining 50% minimum order presence, SAR 75,000 minimum order size, a 2% max price spread, with no minimum value traded.

 

Tadawul noted that Morgan Stanley Saudi Arabia will adhere to established market-making rules and procedures.

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