The group said in a statement to the Saudi market (Tadawul) today, Wednesday, that its joining the center as a general clearing member to carry out the operations of clearing securities traded in the market and the products that fall under it in Saudi Stock Exchange.
The establishment of a clearing house comes as an important step to activate the Saudi financial derivatives market, increase the operational efficiency of the financial market, reduce market risks and enhance transparency.
The Samba Financial Group’s success in joining the Securities Clearing Center also plays a major role in providing the new public clearing service.
(Fun Knowledge of Knowledge)
