SAUDI ARABIA: Tadawul, Muqassa, and Edaa Announce Approval of Rules and Procedures

Tuesday November 19 2024

On 14^th November 2024, the Saudi Exchange Company (Tadawul) and the Securities Clearing Centre Company (Muqassa) and the Securities Depository Centre Company (Edaa) announced the approval of the amended Exchange Rules and Procedures. 

These amendments come as a part of the Post Trade Project and the Omnibus Accounts in Debt Market Project to increase the efficiency of the financial market for domestic and international participants and investors, while enhancing the post trade infrastructure to provide safe and trustworthy financial framework, and to develop the debt market by regulating and launching the Omnibus Accounts for the purpose of depositing non-convertible debt instruments as well as clarifying the mechanism of the Omnibus Accounts. 

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