Tadawul ends Merrill Lynch KSA, Morgan Stanley market-making pacts for 4 companies

04:23 PM (Mecca time) Argaam
Logo ofThe Saudi Exchange (Tadawul)

Logo of The Saudi Exchange (Tadawul)

The Saudi Exchange (Tadawul) approved Merrill Lynch KSA’s request to terminate the market-making activity for Gas Arabian Services Co. (GAS), Canadian Medical Center Co. (CMCER), and Flynas Co.

 

In a separate statement, Tadawul also approved Morgan Stanley’s request to terminate market-making activities for Multi Business Group Co. and CMCER.

 

The resolutions are effective as of Nov. 19, Tadawul said.

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