The Saudi Stock Market Forum 2023 witnessed the signing of the “Market Industry” agreement between Derayah Financial Company and the Saudi Tadawul Group.
According to which Derayah Financial is allowed to practice market-making activity in the Saudi financial market, after fulfilling all the statutory requirements that enable it to practice market-making activity in the Saudi financial market.
Mr. Muhammad Al-Shammasi, CEO of Derayah Financial, represented Derayah Financial Company at the signing of the agreement, while the Saudi Tadawul Group was represented by the Executive Director, Mr. Muhammad Al-Rumaih.
Under the agreement, which was signed on the sidelines of the Saudi Financial Market Forum 2023 held in Riyadh, the two parties agreed to enhance means of cooperation for the Saudi financial market industry, which would upgrade the regulatory tools and mechanisms that are growing towards achieving the goals of the Kingdom’s Vision 2030.
Mr. Muhammad Al Shammasi, CEO of Derayah Financial, expressed his pride in the existing cooperation between Derayah Financial and the Saudi Tadawul Group, and added that this agreement is in line with Derayah Financial’s strategy, which in turn aims to create an attractive investment environment, a flexible money market characterized by transparency and the ability to attract a number of Largest investors in the region.
It is worth noting that Derayah Financial is a financial market institution licensed by the Capital Market Authority that provides many services to its clients such as local, regional and global financial intermediation services, investment advice and the investment fund supermarket service that allows investment in more than 60 investment funds licensed by the Capital Market Authority and managed by investment agencies. It includes various investment categories, in addition to formulating and managing financial assets and providing innovative investment solutions as the largest independent company [MA1] in the Kingdom of Saudi Arabia in terms of market share.
