JEDDAH — The Tadawul will launch the new Sukuk and bonds market on Saturday. The trading hours for the Sukuk and bonds market will be from 11:30a.m. until 3:00p.m., and the settlement cycle will be two business days.
In an announcement on Monday, Tadawul said that it had successfully completed all preparations and tests with all market members. The new market provides many services such as listing, order submission, trade execution, clearing and 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.
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