Tadawul Announces the Activation of Cancelling Outstanding Orders in the Event of Corporate Action Resulting in a Security Price Adjustment

2020-05-20 13:32:57

The Saudi Stock Exchange (Tadawul) announces the activation of cancelling all outstanding orders in the event of a corporate action resulting in a security price adjustment conducted by Tadawul. This will go into effect starting from 1/6/2020 for any corporate action resulting in price adjustment. Cancelling outstanding orders is conducted to protect investors and limit matching of orders which were placed based on previous valuations prior to conducting price adjustments.