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Saudi Exchange Company announces the approval of Merrill Lynch Kingdom of Saudi Arabia to conduct Market Making activities on Gulf Union Alahlia Cooperative Insurance Co. (8120), Americana Restaurants International PLC - Foreign Company (6015), and Rabigh Refining and Petrochemical Co. (2380)
Saudi Exchange Company announces the approval of Merrill Lynch Kingdom of Saudi Arabia applications for conducting Market Making activities on Gulf Union Alahlia Cooperative Insurance Co. (8120), Americana Restaurants International PLC - Foreign Company (6015), and Rabigh Refining and Petrochemical Co. (2380), commencing on 19/11/2025.
The Market Maker obligations on Gulf Union Alahlia Cooperative Insurance Co. (8120) are the following:
• Minimum Presence of Orders: 50%
• Minimum Size: ^50,000
• Maximum Spread: 2.00%
• Minimum Value Traded: N/A
The Market Maker obligations on Americana Restaurants International PLC - Foreign Company (6015) are the following:
• Minimum Presence of Orders: 50%
• Minimum Size: ^250,000
• Maximum Spread: 2.00%
• Minimum Value Traded: N/A
The Market Maker obligations on Rabigh Refining and Petrochemical Co. (2380) are the following:
• Minimum Presence of Orders: 80%
• Minimum Size: ^50,000
• Maximum Spread: 0.65%
• Minimum Value Traded: ≥ 5%
Merrill Lynch Kingdom of Saudi Arabia will be conducting Market Making activities as defined in the Market Making Regulations and the Market Making Procedures.
For more information about Market Making, please (Click Here).