‎Edaa launches omnibus accounts for traded securities in Saudi market

‎Edaa launches omnibus accounts for traded securities in Saudi market ‎Edaa launches omnibus accounts for traded securities in Saudi market

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Tadawul trading screen

The Securities Depository Center Co. (Edaa) launched the omnibus accounts for traded securities to enhance the Saudi capital market’s attractiveness and operational efficiency for asset managers, according to Tadawul website.

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Omnibus accounts offer a powerful mechanism that introduces efficiency into transaction processing for asset managers through combining multiple investors into a single account managed by the asset manager, simplifying their investment experience.

Through this latest initiative, Edaa seeks to enhance its custody model and enable asset managers to manage investors’ assets more efficiently.

 

Tadawul trading screen

The Securities Depository Center Co. (Edaa) launched the omnibus accounts for traded securities to enhance the Saudi capital market’s attractiveness and operational efficiency for asset managers, according to Tadawul website.

For more news on listed companies

Omnibus accounts offer a powerful mechanism that introduces efficiency into transaction processing for asset managers through combining multiple investors into a single account managed by the asset manager, simplifying their investment experience.

Through this latest initiative, Edaa seeks to enhance its custody model and enable asset managers to manage investors’ assets more efficiently.

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