‎Tadawul approves SNB Capital as market maker for 3 stocks

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Logo ofThe Saudi Exchange (Tadawul)

The Saudi Exchange (Tadawul) approved SNB Capital’s request to conduct market-making activities on Arab National Bank (ANB), BAAN Holding Group Co. and Sadr Logistics Co., starting Aug. 23.

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In a statement, Tadawul said that the market maker obligations on ANB are the following:

· Minimum presence of orders: 80%

· Minimum size: SAR 75,000

· Maximum spread: 0.65%

· Minimum value traded: N/A

Meanwhile, the market maker obligations on BAAN are the following:

· Minimum presence of orders: 50%

· Minimum size: SAR 250,000

· Maximum spread: 3%

· Minimum value traded: N/A

The market maker obligations on Sadr Logistics are the following:

· Minimum presence of orders: 50%

· Minimum size: SAR 75,000

· Maximum spread: 2%

· Minimum value traded: N/A

‎

Logo ofThe Saudi Exchange (Tadawul)

The Saudi Exchange (Tadawul) approved SNB Capital’s request to conduct market-making activities on Arab National Bank (ANB), BAAN Holding Group Co. and Sadr Logistics Co., starting Aug. 23.

In a statement, Tadawul said that the market maker obligations on ANB are the following:

· Minimum presence of orders: 80%

· Minimum size: SAR 75,000

· Maximum spread: 0.65%

· Minimum value traded: N/A

Meanwhile, the market maker obligations on BAAN are the following:

· Minimum presence of orders: 50%

· Minimum size: SAR 250,000

· Maximum spread: 3%

· Minimum value traded: N/A

The market maker obligations on Sadr Logistics are the following:

· Minimum presence of orders: 50%

· Minimum size: SAR 75,000

· Maximum spread: 2%

· Minimum value traded: N/A