ISLA welcomes Edaa as a new member
25 April 2024 Saudi Arabia
Image: Hany/stock.adobe.com
The International 麻豆传媒 Lending Association (ISLA) has announced the 麻豆传媒 Depository Center Company (Edaa) as a new member.
Based in Riyadh, Edaa is the securities depository centre of the Saudi Tadawul Group. It provides a range of post-trade services to ensure the safe and efficient operations of the Saudi capital market.
According to ISLA, Edaa鈥檚 membership highlights the association鈥檚 increasing coverage in the Middle East.
The region鈥檚 growth potential is 鈥渧ast and continues to attract considerable foreign interest and investment鈥�, the association says.
It adds: 鈥淲e are proud to work with our members in the region to support the development of securities lending markets in the Middle East.鈥�
In September 2023, ISLA entered into a partnership with Latham & Watkins to promote the advancement of securities lending activities in the Middle East.
Five months later, in February 2024, the association released the first of a number of SBL guides covering the region, with the first guide dedicated to Saudi Arabia.
Based in Riyadh, Edaa is the securities depository centre of the Saudi Tadawul Group. It provides a range of post-trade services to ensure the safe and efficient operations of the Saudi capital market.
According to ISLA, Edaa鈥檚 membership highlights the association鈥檚 increasing coverage in the Middle East.
The region鈥檚 growth potential is 鈥渧ast and continues to attract considerable foreign interest and investment鈥�, the association says.
It adds: 鈥淲e are proud to work with our members in the region to support the development of securities lending markets in the Middle East.鈥�
In September 2023, ISLA entered into a partnership with Latham & Watkins to promote the advancement of securities lending activities in the Middle East.
Five months later, in February 2024, the association released the first of a number of SBL guides covering the region, with the first guide dedicated to Saudi Arabia.
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