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Saudi Exchange Company announces the approval of Merrill Lynch KSA Company to conduct Market Making activities on Saudi Reinsurance Co. (8200) and Knowledge Tower Trading Co. (9551)

27 November, 2024 15:58

Saudi Exchange Company announces the approval of Merrill Lynch KSA Company application for conducting Market Making activities on Saudi Reinsurance Co. (8200) in Main Market, and Knowledge Tower Trading Co. (9551) in Nomu – Parallel Market commencing on 28/11/2024G. The Market Maker obligations on Saudi Reinsurance Co. (8200)  as follows: •    Minimum Presence of Orders: 70% •    Minimum Size: 75,000 SAR •    Maximum Spread: 0.75% •    Minimum Value Traded: ≥5% The Market Maker obligations on Knowledge Tower Trading Co. (9551)  as follows:  •    Minimum Presence of Orders: 50% •    Minimum Size: 50,000 SAR •    Maximum Spread: 5.00% •    Minimum Value Traded: N/A Merrill Lynch KSA Company will be conducting Market Making activities as defined in the Market Making Regulations and the Market Making Procedures. For more information about Market Making, please (Click Here).

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