Logo ofSaudi Exchange (Tadawul)
The Saudi Exchange (Tadawul) approved Merrill Lynch KSA’s request to conduct market-making activities on Flynas Co. (4264) and BAAN Holding Group Co. (1820), starting, Sept. 4. 
In a statement to Tadawul, the company said the market maker’s obligations will be as follows:
First: Flynas (4264) Growth and Income:
– Minimum presence of orders: 80%
– Minimum size: SAR 250,000
– Maximum spread: 0.65%
– Minimum value traded: ≥5%
Second: BAAN (1820)
– Minimum presence of orders: 50%
– Minimum size: SAR 150,000
– Maximum spread: 2%
– Minimum value traded: N/A
It added that Merrill Lynch KSA will conduct market-making activities in accordance with the market regulations and procedures.
Logo ofSaudi Exchange (Tadawul)
The Saudi Exchange (Tadawul) approved Merrill Lynch KSA’s request to conduct market-making activities on Flynas Co. (4264) and BAAN Holding Group Co. (1820), starting, Sept. 4.
In a statement to Tadawul, the company said the market maker’s obligations will be as follows:
First: Flynas (4264) Growth and Income:
– Minimum presence of orders: 80%
– Minimum size: SAR 250,000
– Maximum spread: 0.65%
– Minimum value traded: ≥5%
Second: BAAN (1820)
– Minimum presence of orders: 50%
– Minimum size: SAR 150,000
– Maximum spread: 2%
– Minimum value traded: N/A
It added that Merrill Lynch KSA will conduct market-making activities in accordance with the market regulations and procedures.
