Friday July 4 2025

News Source: Global Exchanges

Focus: Clearing & Settlement

Type: General

Country: Saudi Arabia

Link: https://tinyurl.com/j462xwb5




On 3rd July 2025, the Securities Depository Centre (Edaa) announced the launch of Omnibus Accounts for traded securities to enhance the Saudi capital market’s attractiveness and operational efficiency for Asset Managers.

Omnibus accounts offer a powerful mechanism that introduces efficiency into transaction processing for Asset Managers by combining multiple investors into a single account managed by the Asset Manager, simplifying their investment experience.

Through this latest initiative, Edaa is enhancing its custody model, with the aim of enabling asset managers to manage investors’ assets more efficiently.

Click on the above link for further information