Riyadh - Mubasher: The Securities Depository Center Company (Edaa), a subsidiary of the Saudi Tadawul Group, has implemented amended operational procedures following approval from its board of directors on 16 April.
The regulatory updates are specifically designed to modernize the Saudi debt market and enhance its operational capacity, according to a bourse disclosure.
The primary modification involves the cancellation of the price requirement within the settlement procedures for over-the-counter (OTC) transactions involving listed debt instruments.
By removing this requirement, Edaa aims to simplify the settlement process and increase the overall efficiency of fixed-income trading within the Kingdom’s financial ecosystem.
The company stated that these changes are effective as of their publication date. The move aligns with broader strategic efforts to develop the domestic capital market infrastructure and provide more flexible mechanisms for debt security transactions.
Edaa confirmed that the amendments were finalized following the board's decision on 16 April 2026.
