Saudi Arabia's stock exchange said on Sunday it was launching a market-making framework for its stock and derivatives markets to help ensure liquidity and raise price-determination efficiency.
Entities must be exchange members, derivatives exchange members or their clients to be market makers.
"The Saudi Exchange will monitor compliance with Market Maker obligations, and will provide incentives to the Market Maker after obligations are met." State-led IPO programmes in Saudi Arabia, Abu Dhabi and Dubai have helped equity capital markets in the oil-rich Gulf, in sharp contrast to the United States and Europe, where global banks have been trimming headcount in a deal-making drought.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Saudi Arabia extends $3 bln deposit term to cash-strapped PakistanSaudi Arabia on Friday extended the term of a $3 billion deposit it made to Pakistan's foreign reserves, state news agency SPA and Pakistan's central bank said.
Read more »
Sharon Stone and Guy Ritchie Raise Eyebrows at Divisive Saudi Arabia Film FestivalThe Red Sea Film Festival, whose fellow attendees will include Spike Lee and Jackie Chan, has been criticized for potentially deflecting from a human rights controversy with a splashy cultural event.
Read more »
‘Malcolm X’ Finally Screens in Saudi Arabia 30 Years After Historic Filming in MeccaThe screening took place at the Red Sea Film Festival in Jeddah with director Spike Lee in attendance.
Read more »
Priyanka Chopra Is Angelic in a Pearlescent Beaded GownShe wore the dreamy look to the Red Sea International Film Festival in Saudi Arabia.
Read more »
Report: Genesis Owes Gemini Customers $900 Million, Exchange Is Attempting to Recoup Assets – Bitcoin NewsGemini, the crypto exchange operated by Cameron and Tyler Winklevoss, is allegedly attempting to recover funds from Genesis, according to the sources.
Read more »