Muqassa

The Securities Clearing Center Company “Muqassa”

“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 markets.

Ownership

100%

Owned by the Saudi Tadawul Group

Paid up share capital

% 600 million

Headquarters

Riyadh, Kingdom of
Saudi Arabia

Number of shares

60 million

(% 10 each)

Vision

To be a leading clearing house that fosters stability in Saudi and regional financial markets.

Mission

To provide reliable, efficient and innovative clearing services.

Key activities and services

  • Central counterparty clearing services for all cash market securities traded on the Saudi Exchange (equities, Sukuk and bonds, ETFs, REITs).
  • Central counterparty clearing services for all derivatives and securities traded on derivatives market (Index Futures, Single Stock Futures and Single Stock Option).
  • Repo clearing services.

Derivatives Market

13
Derivatives Clearing Members1
DCMs: 4 | NCCMs: 4 | GCCMs: 5
121
MT30 Index Futures Contracts Cleared
3,501
Single Stock Futures (SSFs) Contracts Cleared
59
Single Stock Options (SSOs) Contracts Cleared
% 39.21 million
Value of Cleared Products
69.24 million
Collateral under Management2

Cash Market

40
Cash Market Clearing Members1
DCMs: 10 | NCCMs: 23 | GCCMs: 7
% 1,574.2 billion
Value of Cleared Products
4.56 billion
Collateral under Management

1. Includes General Clearing Members (GCM), Direct Clearing Members (DCM) and Non-Clearing Members (NCM)

2. Considering collaterals relating to the derivatives market only