Northern Trust has bolstered its Middle East and Africa senior management team in the Kingdom of Saudi Arabia
State Street has expanded its Middle East presence by opening an office in Riyadh, Saudi Arabia to provide institutional services and asset management in the region
BNY Mellon has received authorisation from the Saudi Arabia Capital Market Authority board of commissioners to conduct custody activities in the country
Citi has joined Tadawul, the Saudi Stock Exchange, and expanded its direct custody and clearing services to Saudi Arabia
The agreement follows the introduction of new investment fund regulations by the Capital Market Authority of Saudi Arabia
The Saudi Stock Exchange Tadawul has implemented new measures in an effort to raise market efficiency, boost investor access, security and liquidity
Nasdaq will replace Tadawul’s current post-trade registry, depository, clearing and settlement solution
Tadawul, the Saudi Arabian stock exchange, has officially moved to a T+2 settlement cycle for listed securities, from its previous T+0 system
