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Banque Saudi Fransi (BSF) announces the joining of the Securities Clearing Center Company (Muqassa) as a General Clearing Member (GCM)

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Announcement Detail In line with the initiatives of Financial Sector Development Program and Vision 2030, Banque Saudi Fransi (BSF) announces the joining of the Securities Clearing Center Company (Muqassa) as a General Clearing Member (GCM) on 26/07/2021 to perform clearing activities in the Saudi Stock Exchange.

Muqassa aims to support the growth of the Saudi capital market by improving the post-trade infrastructure, reducing counterparty risk, increasing operational efficiency, and enabling the introduction of new financial products and service offerings.

BSF membership helps play a major role in providing the new clearing services.

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