Al Rajhi Capital named market maker for Naseej Tech

Logo of Naseej for Technology Co.

The Saudi Exchange (Tadawul) approved Al Rajhi Capital’s request to initiate market-making activities on Naseej for Technology Co. (9538) starting Jan. 4.

In a statement today, Jan. 1, Tadawul said the market-maker obligations for Naseej Tech include maintaining a 50% order presence, a SAR 50,000 minimum order size, and a 5% max price spread. No minimum traded value threshold applies.

Tadawul noted Al Rajhi Capital should adhere to established market-making rules and procedures.