Securities Clearing Center Company “Muqassa” was established in 2018 as a closed joint stock company fully owned by the Saudi Stock Exchange (Tadawul), in accordance with the Saudi Companies Law issued by Royal Decree No. M/3 dated 28/01/1437 – 11/11/2015, with a capital of (SAR 600,000,000) divided into (60,000,000) shares, with a nominal share value of SAR 10.

Muqassa establishment and operation is one of the key initiatives in the Financial Sector Development Program 2020 (FSDP). In addition, it is an important component in the future market infrastructure to enhance market efficiency, and a required step for the Saudi market expansion to new products and services.

Muqassa will contribute to reduce the Post-Trade risks, provide a centralized counterparty risk management, and develop clearing services in accordance with best international risk management practices to align with advanced global capital markets, which in turn will attract investors to the market.

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Muqassa (Securities Clearing Center Company)

Muqassa (Securities Clearing Center Company)'s headquarters in Riyadh, Saudi Arabia

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Raid Almalki

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