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Clearstream, the post-trading services provider of Deutsche Börse Group, will connect the Saudi capital market to its network through a linkage with the Securities Depository Center Company (Edaa), a company fully owned by Saudi Tadawul Group and responsible for operating and maintaining the Depository and Settlement System (DSS).
Clearstream is the first ICSD to offer international investors access to the Saudi capital market. Its eligible clients will be allowed to access and trade on the Saudi Exchange commencing 14 June 2021 through the indirect linkage that will be established via HSBC Saudi Arabia who will act as the local custodian for Clearstream. This step will give international investors seamless access to the Saudi capital market by enabling settlement of...
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