Tadawul nods to Al Rajhi Capital as market maker on Tharwah

The Saudi Exchange (Tadawul) approved the request received from Al Rajhi Capital to conduct market-making activities on Altharwah Albashariyyah Co. (Tharwah), as of Oct. 20.

The market maker obligations on Tharwah are the following:

- Minimum Presence of Orders: 50%.

- Minimum Size: SAR 50,000.

- Maximum Spread: 5.00%.

Tadawul also said Al Rajhi Capital will be conducting market-making activities as defined in the market-making regulations and procedures.