Logo of Saudi Exchange (Tadawul)
Tadawul announced the issuance of the Capital Market Authority’s (CMA) board decision, dated Dec. 15, 2025, approving the amended market making regulations, as well as its decision, dated Nov. 17, 2025, approving the amended market making procedures. 
The amendments aim to regulate the market making activity among exchange traded funds (ETFs). This is to enhance secondary market liquidity in the ETF market, creating greater opportunities for investors and issuers, in line with global best practices, said Tadawul.
It noted that the amended regulations and procedures shall be effective starting from its publishing date.
In a separate statement, Tadawul announced the launch of the ETFs market making framework, effective as of Feb. 8.
It explained that the ETFs framework aims to enhance secondary market liquidity in the ETF market, creating greater opportunities for investors and issuers, in line with global best practices.
Market makers ensure the availability of liquidity for listed ETFs by providing continuous quotes throughout market open session. Tadawul will monitor compliance with market maker obligations and will provide incentives for conformists, the statement added.
Tadawul will publish on its website a list of ETFs with its associated market makers.
Logo of Saudi Exchange (Tadawul)
Tadawul announced the issuance of the Capital Market Authority’s (CMA) board decision, dated Dec. 15, 2025, approving the amended market making regulations, as well as its decision, dated Nov. 17, 2025, approving the amended market making procedures.
The amendments aim to regulate the market making activity among exchange traded funds (ETFs). This is to enhance secondary market liquidity in the ETF market, creating greater opportunities for investors and issuers, in line with global best practices, said Tadawul.
It noted that the amended regulations and procedures shall be effective starting from its publishing date.
In a separate statement, Tadawul announced the launch of the ETFs market making framework, effective as of Feb. 8.
It explained that the ETFs framework aims to enhance secondary market liquidity in the ETF market, creating greater opportunities for investors and issuers, in line with global best practices.
Market makers ensure the availability of liquidity for listed ETFs by providing continuous quotes throughout market open session. Tadawul will monitor compliance with market maker obligations and will provide incentives for conformists, the statement added.
Tadawul will publish on its website a list of ETFs with its associated market makers.
