Saudi Exchange welcomes Riyad Capital as an Equities Market Maker

Saudi Exchange welcomes Riyad Capital as an Equities Market Maker

Riyadh – Today, the Saudi Exchange welcomed Riyad Capital, a leading Saudi investment company, as a market maker on the Saudi Exchange for two companies, Alrajhi Bank and Americana Restaurants International PLC Company. The market making ceremony was attended by Mr. Mohammed Al Rumaih, CEO of the Saudi Exchange and Dr. Abdullah Alshwer, CEO of Riyad Capital. As a market maker, Riyad Capital will simultaneously provide bid and ask quotes for Alrajhi Bank and Americana Restaurants International PLC Company equities to ensure the availability of liquidity in line with market maker obligations of the Saudi Exchange. “We are pleased to welcome Riyad Capital as one of the first market makers on the Saudi Exchange. Their appointment underscores their commitment to supporting the growth and development of the Saudi capital market. We introduced market making for the equity and derivatives markets in December 2022, and since then, have been working to add more market makers to the Saudi Exchange. By serving as a market maker, Riyad Capital will play a key role in facilitating trading activity, generating more investor interest, and supporting our mission to develop a sophisticated capital market that aligns with the goals of Vision 2030,” said Mohammed Al