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Saudi CMA approves Muqassa as QCCP

Saudi CMA approves Muqassa as QCCP
Capital Market Authority

Riyadh – Mubasher: The Saudi Capital Market Authority’s (CMA) Board of Commissioners issued its resolution to authorize Securities Clearing Center Company (Muqassa) to provide securities clearing services in the Kingdom.

Moreover, the resolution has designated Muqassa as a Qualified Central Counterparty (QCCP), according to a statement to the Saudi Stock Exchange (Tadawul) on Tuesday.