Saudi Exchange welcomes SNB Capital as a Market Maker for Saudi Aramco

Saudi Exchange welcomes SNB Capital as a Market Maker for Saudi Aramco

Riyadh: Today, the Saudi Exchange welcomed SNB Capital, a leading Saudi investment company, as the market maker for Saudi Arabian Oil Company ("Saudi Aramco"), one of the largest energy company in the world, based in Dhahran, Saudi Arabia.The market making ceremony was attended by Mr. Nayef Alathel, Chief of Listing at the Saudi Exchange and Mr. Loai Bafaqeeh, Head of Securities at SNB Capital.

As a market maker, SNB Capital will simultaneously provide bid and ask quotes for Saudi Aramco equities, to ensure the availability of liquidity in line with market maker obligations of the Saudi Exchange.

Speaking on the occasion, Nayef Alathel, Chief of Listing at the Saudi Exchange said, “We welcome SNB Capital as a market maker for Saudi Aramco. SNB Capital appointment underscores their commitment to supporting the growth and development of the Saudi capital market, and it sends a positive signal to both domestic and international investors. By serving as a market maker, SNB 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".

Loai Bafaqeeh, Head of Securities at SNB Capital said: "We are delighted to