Logo of TAQAT Mineral Trading Co. (TAQAT)
The Saudi Exchange (Tadawul) approved Al Rajhi Capital’s request to initiate market-making for Nomu-listed TAQAT Mineral Trading Co. starting March 18.
In a statement today, May 15, Tadawul said that the market-maker obligations for TAQAT include maintaining a 50% order presence, a SAR 50,000 minimum order size, and a 5% max price spread. There is no minimum traded value requirement.
Tadawul noted Al Rajhi Capital will adhere to established market-making rules and procedures.
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