The Saudi Exchange has welcomed SNB Capital, a leading Saudi investment company, as the market maker for Saudi Aramco, a world-leading energy company.

 

As 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.

 

The market making ceremony was attended by Nayef Alathel, Chief of Listing at the Saudi Exchange and Loai Bafaqeeh, Head of Securities at SNB Capital.

 

Positive signal

Alathel said: “We welcome SNB Capital as market maker for Saudi Aramco. SNB Capital’s 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 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."

 

Bafaqeeh said: "We are delighted to be working closely with Saudi Exchange to solidify our role in improving the Saudi capital market efficiency, enhance its liquidity, and provide our clients with confidence in a new future. We look forward to executing the trades quickly and accurately to ensure that the company’s shares remain a highly sought-after investment opportunity for the investors locally and internationally."

 

SNB Capital is a leading regional financial institution with deep industry expertise across four business lines: Asset Management, Wealth Management, Securities, and Investment Banking. Headquartered in Saudi Arabia, SNB Capital is a market leader with SR251 billion ($67 billion) of assets under management.-- TradeArabia News Service