Merrill Lynch KSA 'market maker' for 20 TASI, Nomu-listed firms

The TASI-listed companies are Naseej International Trading Co., The National Company for Glass Industries (Zoujaj), The National Company for Learning & Education (NCLE), Al Hassan Ghazi Ibrahim Shaker Co., Saudia Dairy and Foodstuff Co. (SADAFCO), Sustained Infrastructure Holding Co. (SISCO Holding), Theeb Rent a Car Co., Dallah Healthcare Co., Gulf Insurance Group (GIG), and Aldawaa Medical Services Co.

In Nomu, the companies under coverage are Atlas Elevators General Trading and Contracting Co., Tourism Enterprise Co. (Shams), Riyadh Steel Co., Sure Global Tech Co., Ladun Investment Co., Molan Steel Co., Fesh Fash Snack Food Production Co., Yaqeen Capital Co. and Lana Medical Co.

For Naseej, Zoujaj, Shaker, SISCO Holding, Theeb, and Dallah Healthcare,  market-making obligations include maintaining a 70% minimum order presence, a SAR 75,000 minimum order size, a 0.75% price spread cap, and a 5% minimum value traded.

For NCLE, market-making obligations include maintaining a 70% minimum order presence, a SAR 50,000 minimum order size, a 0.75% price spread cap, and a 5% minimum value traded.

For SADAFCO, market-making obligations include maintaining an 80% minimum order presence, a SAR 75,000 minimum order size, a 0.65% price spread cap, and a 5% minimum value traded.

For GIG, market-making obligations include maintaining a 60% minimum order presence, a SAR 50,000 minimum order size, a 1% price spread cap, and a 5% minimum value traded.

For Aldawaa, market-making obligations include maintaining an 80% minimum order presence, a SAR 75,000 minimum order size, a 0.65% price spread cap, and a 5% minimum value traded.

For Lana Medical, Yaqeen Capital, Fesh Fash, Molan Steel, MOBI, Ladun Investment, Sure Global, Riyadh Steel, and Atlas Elevators, market-making obligations include maintaining a 50% minimum order presence, a SAR 50,000 minimum order size and a 5% price spread cap. A minimum traded threshold is not applicable.

For Shams, market-making obligations include maintaining a 50% minimum order presence, a SAR 250,000 minimum order size and a 3% price spread cap. A minimum traded threshold is not applicable.