QMM, in collaboration with Saudi Arabia’s SNB Capital, to initiate market making activities on Saudi Exchange

QMM, in collaboration with Saudi Arabia’s SNB Capital, to initiate market making activities on Saudi Exchange

RIyadh, Saudi Arabia: - Saudi Arabia's premier financial institution, SNB Capital, and Abu Dhabi's leading market maker, QMM have signed an agreement that will enable QMM to commence market making activities on the Saudi Exchange as the first market maker on the largest listed company in the Saudi Exchange, Saudi Aramco through SNB Capital as an exchange member, executing broker and custodian.

This agreement was activated today through a Market Making Commencement ceremony held by Saudi Exchange with the attendance of Magdi Shannon QMM CEO, Loai Bafaqeeh, Head of Securities Division at SNB Capital, and Nayef Alathel, Chief of Listing at Saudi Exchange.

This collaboration between two of the region's most prominent firms in their respective industries sets the stage for increased liquidity and enhanced trading opportunities in the Saudi capital market. By combining their expertise, resources, and market knowledge, QMM and SNB Capital aim to further bolster the development and growth of the financial sector in the Kingdom.

Magdi Shannon, CEO of Q Market Makers, expressed his enthusiasm about the collaboration, stating: "We are thrilled to join forces with SNB Capital, a powerhouse in the Saudi Arabian financial landscape. This alliance not only cements our commitment to expanding our footprint in the