Tadawul approves Merrill Lynch KSA as market maker for Rasan, Future Care

Logo of The Saudi Exchange Co. (Tadawul)

The Saudi Exchange Co. (Tadawul) gave the go-ahead for Merrill Lynch Kingdom of Saudi Arabia to conduct market making activities on Rasan Information Technology Co. and Future Care Trading Co. as of Oct. 30.

The market maker obligations on Rasan are as follows:

- Minimum Presence of Orders: 80%

- Minimum Size: SAR 250,000

- Maximum Spread: 0.65%

Meanwhile, the market maker obligations on Future Care are as follows:

- Minimum Presence of Orders: 50%

- Minimum Size: SAR 50,000

- Maximum Spread: 5.00%