Tadawul permits Riyad Capital to conduct market making activities on SABIC

Logo of Saudi Basic Industries Corp. (SABIC)

The Saudi Exchange Co. (Tadawul) announced approving the application received from Riyad Capital to conduct market activities on Saudi Basic Industries Corp. (SABIC), as of Aug. 16.

 

According to a Tadawul statement today, Aug. 13, the market maker obligations on SABIC (2010) are as follows:

 

- Minimum presence of orders: 80%.

 

- Minimum size: SAR 500,000.

 

- Maximum spread: 0.30%.

 

Riyad Capital will be conducting market making activities as defined in the market making regulations and the market making procedures, it added.

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