Tadawul Announces the launch of the Sukuk and Bonds electronic market
Tadawul announces the launch a new order driven Sukuk and Bonds market on Saturday the 13th of June, 2009. Tadawul has completed all preparation and test successfully with all market members. The new Market provides many services such as, listing, order submission, trade execution, clearing & settlement, and prices information dissemination.
The Market will enable investors to diversify their investments by buying and selling Sukuk and Bonds through existing brokerage firms, and by using the same portfolio that is used for trading securities. The trading hours for the Sukuk and Bonds market will be from 11:30 am until 3:00 pm, Settlement cycle will be T+2 (2 business days).
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