Entitlement Compensation Rules - Saudi Arabia

14.06.2021

All instruments

Market compensation basis:

Settled position on record date

Automatic compensation managed by local CSD:

No

Restriction on custody events/transaction types:

No restriction

Additional information:
The executing broker will receive the corporate benefits as they will be the holders of the securities on the record date if trade fails to settle on settlement date.

Service offered by CBL:

Possibility to adjust entitlements and submit claims via an informal market process