Tadawul terminates market-making deal on UCA

04:09 PM (Mecca time) Argaam
Logo ofUnited Cooperative Insurance Co.

Logo of United Cooperative Insurance Co.

The Saudi Exchange (Tadawul) approved Merrill Lynch KSA’s request to terminate the market-making deal for United Cooperative Insurance Co. (UCA).

 

According to a statement to Tadawul, the approval is effective as of Feb. 4.

 

According to data available with Argaam, Tadawul had previously approved Merrill Lynch KSA’s request to conduct market-making activities on UCA shares, starting November 2024.

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