Muqassa (Securities Clearing Center Company)
Financial ServicesView the employees at
Muqassa (Securities Clearing Center Company)-
Abdulaziz Alfaris Head of Market Risk Management at Muqassa (Securities Clearing Center Company)
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Riyadh, Saudi Arabia
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Top 10%
Javid Chaudry Business Development @ CCP-
London Area, United Kingdom
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Top 10%
Mohammad Fazeli Medical Student at Muqassa (Securities Clearing Center Company)-
Qom Province, Iran
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Rising Star
Mustafa Demir Clearing Operation Expert at Muqassa(Saudi Stock Exchange-Tadawul)-
Saudi Arabia
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Rising Star
Abdulaziz Bin Frayan Market Risk Management Specialist at Muqassa (Securities Clearing Center Company)-
Riyadh, Saudi Arabia
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Rising Star
Overview
Securities Clearing Center Company “Muqassa” was established in 2018 as a closed joint stock company fully owned by the Saudi Stock Exchange (Tadawul), in accordance with the Saudi Companies Law issued by Royal Decree No. M/3 dated 28/01/1437 – 11/11/2015, with a capital of (SAR 600,000,000) divided into (60,000,000) shares, with a nominal share value of SAR 10. Muqassa establishment and operation is one of the key initiatives in the Financial Sector Development Program 2020 (FSDP). In addition, it is an important component in the future market infrastructure to enhance market efficiency, and a required step for the Saudi market expansion to new products and services. Muqassa will contribute to reduce the Post-Trade risks, provide a centralized counterparty risk management, and develop clearing services in accordance with best international risk management practices to align with advanced global capital markets, which in turn will attract investors to the market.
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