Tadawul approves Merrill Lynch as market maker for Alandalus

04:19 PM (Mecca time) Argaam
Logo ofAlandalus Property Co.

Logo of Alandalus Property Co.

The Saudi Exchange (Tadawul) approved Merrill Lynch Saudi Arabia’s request to conduct market-making activities on Alandalus Property Co. (4320), effective Feb. 9.

 

In a statement to Tadawul, the company said the market maker’s obligations will be as follows:

 

- Minimum presence of orders: 50%

 

- Minimum size: SAR 50,000

 

- Maximum spread: 2.00%

 

- Minimum value traded: Not applicable

 

Tadawul added that Merrill Lynch Saudi Arabia will conduct market-making activities in accordance with the applicable market regulations and procedures.

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