Logo of Adeer Real Estate Co.
The Saudi Exchange (Tadawul) approved Morgan Stanley’s request to conduct market-making activities on Adeer Real Estate Co. starting Jan. 7.
In a statement today, Tadawul said that the market maker obligations on Adeer are the following:
- Minimum presence of orders: 50%
- Minimum size: SAR 50,000
- Maximum spread: 5%
- Minimum value traded: N/A
Morgan Stanley will conduct market-making activities as defined in the Market-Making Regulations and Procedures.
Be the first to comment
Comments Analysis: