FALCOM says second market maker services stopped for 2 funds

FALCOM Financial Service

25 November 2015 09:26 AM

Al Taaqa
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Riyadh-Mubasher: FALCOM Financial Service said it received a notice from Fransi Capital to stop acting as a second market maker for FALCOM Saudi Equity ETF and FALCOM petrochemical ETF as of 22 November 2015.

“Currently, we are working to appoint an authorised person as a second market maker and will announce it once we obtain all necessary approvals”, the company said in a statement to Tadawul.

Mutual Funds Corporate Actions

Source: Mubasher