Saudi Arabia

Edaa is the securities depository centre of the Saudi Tadawul Group, and it provides post-trade services to ensure the safe and efficient operations of the Saudi capital market

The first in a series of SBL guides that the association will release during 2024, this volume has been compiled with insights from ISLA members, working groups and strategic counsel from Latham & Watkins

Investors are now able to trade SSOs on four listed stocks as their underlying assets, according to the Saudi Arabia stock exchange

Saudi Arabia-based financial institution SNB Capital will incorporate Broadridge’s Securities Finance and Collateral Management solution to grow the coverage of its securities services offering on local assets

Proceeds from this US$250 million repo transaction will be allocated towards several large renewable energy projects and green initiatives in Saudi Arabia and the wider GCC region

The merger will enable the partners to arrange and deliver such services to institutional and large asset owners based in the country

The Tadawul and Edaa have signed-off the country’s new securities lending and short selling rules framework following the public consultation last year, with several restrictions on on-lending and market participation scrapped

The global securities lending market sees Saudi Arabia as a key MENA growth market and the International Securities Lending Association ​is among international players seeking to act as handmaiden in the market’s development