Riyadh – Mubasher: The Saudi Exchange Company has announced the formal approval of a request submitted by Al Rajhi Capital to terminate its market-making activities for Altharwah Albashariyyah Company, known as Tharwah.

The cessation of these financial services, which pertain to the security trading under the stock code 9606, is scheduled to take effect on 10 June 2026, marking the conclusion of the current liquidity provision arrangement between the financial institution and the listed entity.

In an official disclosure released by the Saudi Exchange (Tadawul), it was confirmed that the regulatory body has processed and accepted the application from Al Rajhi Capital to conclude its role as a designated market maker for Tharwah.

This role is a fundamental component of the trading infrastructure on the Tadawul, where authorized financial institutions are tasked with maintaining an orderly and efficient market for specific listed securities through consistent quote provision.

Market makers in the Saudi capital market operate under a strictly defined set of regulatory obligations. Their primary responsibility involves the continuous posting of simultaneous buy and sell orders for a security during the trading session. By performing this function, they ensure that there is sufficient liquidity for investors to enter or exit positions with minimal price impact.

Furthermore, market makers are required to maintain a maximum spread between the bid and ask prices, which assists in reducing transaction costs for market participants and enhances the overall efficiency of the price discovery process for the specific security.

The agreement between AlRajhi Capital and Tharwah was established to support these objectives for the company’s shares on the exchange. The decision to terminate such an agreement is a procedural event that requires the formal oversight and approval of the Saudi Exchange Company to ensure that the transition is handled in accordance with market integrity standards.

While the announcement confirms the upcoming termination, the specific commercial considerations or strategic shifts behind AlRajhi Capital’s request remain proprietary to the firm and the issuer.