Al-Modawat names Al Rajhi Capital as market maker

Al-Modawat Specialized Medical Co.’s board of directors approved, on March 10, appointing Al Rajhi Capital as a market maker for its shares.

In a Tadawul statement, the company said the appointment will be for renewable 12 months from the agreement’s effective date, noting that the move will support trading liquidity levels.

This decision is subject to the competent authorities’ approval.

Any further updates will be duly announced, Al-Modawat added.