Edaa Signs agreement with Muscat Clearing and Depository ‎Company to Enable Cross Listings

Edaa has signed an agreement with the Muscat Clearing and Depository Company to enable cross listings between Saudi Arabia and Oman.

The agreement aims to enable the smooth transfer of shares between both markets for cross listed securities.

Areas of collaboration include maintaining an updated securities ownership register and exchanging information related to transactions carried out by brokers, members, clients, or any other party.

The agreement follows an MoU signed between Saudi Tadawul Group and Muscat Stock Exchange in 2021 to exchange information and collaborate on areas to advance the Saudi and Omani capital markets.