Riyadh — Mubasher: The Saudi Exchange (Tadawul) has approved a request from SNB Capital, of the Saudi National Bank (SNB), to terminate its market making mandate for the Alkhabeer Growth and Income Traded Fund of Alkhabeer Capital.
The cessation of market making activities for the fund is scheduled to take effect on 23 July 2026, according to an official statement.
This decision follows the exchange's regulatory framework governing market making agreements, which are designed to ensure liquidity and price stability for listed securities.
SNB Capital had previously been appointed to provide these services for the fund to facilitate efficient trading on the main market.
No further details regarding the reasons for the termination or the appointment of a replacement market maker were disclosed in the exchange filing.
SNB Capital has been responsible for facilitating trading activity through the provision of continuous bid and ask orders.
The approval of this termination request signifies that the exchange has reviewed the submission and consented to the cessation of these specific duties according to the timeline provided.
