Tadawul Group Implements Improvements to Develop Post Trade Services Infrastructure

Saudi Tadawul Group Holding Company (The Group) announced on Tuesday its intention to roll out new enhancements through its subsidiaries Saudi Exchange, Securities Clearing Center (Muqassa), and Securities Depository Center (Edaa) to develop the post trade services infrastructure which will be implemented on 3 April 2022.

It added that these enhancements are the largest in the history of the Saudi capital market and intend to provide investors with increased investment opportunities and access to a diverse range of financial instruments and new products.

It also added that these enhancement aiming to develop trading and post-trade services, which would contribute to expand investor access to the Saudi capital market as part of wider efforts to develop an advanced capital market in Saudi Arabia.

The company explained that the launching of these enhancements will provide investors with a wide range of investment opportunities and enable access to new and diversified financial instruments to manage risk and benefit from market movements, where it become as part of the Saudi Tadawul Group subsidiaries ongoing efforts to reduce systemic risks and enhance market efficiency that in turn reinforce its position as a globally attractive investment destination.

This bundle of enhancements will enable to leverage the Group integrated business model through its subsidiaries, Saudi Exchange, Securities Clearing Center Company (Muqassa), and Securities Depository Center Company (Edaa).

“It is expected that these enhancements will have a positive impact on the operation efficiency of the Group and its subsidiaries, the Group will announce any material developments in this regard in due course, if any”, the company concluded.