Muqassa
The Securities Clearing Center Company
Muqassa is one of the key pillars of Saudi Arabia’s Financial Sector Development program (FSDP), where its plays a significant role in developing market infrastructure to enhance market efficiency and is essential for the development of new products and services in the Saudi Capital Market.
Ownership
100%
Owned by the Saudi Tadawul Group
Paid up share capital
SAR 600 million
Number of shares
60 million
(SAR 10 each)
Location
Kingdom of Saudi Arabia, Riyadh
Vision
To be a leading clearing house that fosters financial market stability.
Mission
To provide reliable, efficient and innovative clearing services.
Key activities and services
- Central counterparty clearing services for all cash markets securities traded on the Saudi Exchange (equities, Sukuk and bonds, ETFs, REITs).
- Central counterparty clearing services for all cash markets securities traded on Derivatives market.
- Repo clearing services.
Muqassa in 2023
- 39
- Members
Settlement performance highlights
- 100%
- Settlement ratio
- 99.91%
- Average settlement ratio on intended settlement day (ISD)
- 0.72%
- Fails Management ISD+1 to ISD+8
