Riyadh — Mubasher: The Saudi Exchange (Tadawul) announced its approval of a request from Morgan Stanley Saudi Arabia to terminate its market making agreements for two listed companies, according to an official statement on 18 October 2026.
The termination of market making activities applies to Retal Urban Development Company as well as First Avenue for Real Estate Development Company.
According to the exchange disclosure, the cessation of these activities for both entities is scheduled to take effect on 19 October 2026.
The agreements termination move marks the end of the financial institution's specific liquidity provision mandates for these two real estate development firms on the Saudi main and parallel markets.
Tadawul, meanwhile, did not disclose further details regarding the reasons for the termination or the appointment of successor market makers for the affected securities.
