Risk Working Group

The Securities Clearing Center Company (Muqassa), in accordance with international guidelines, has established the Risk Working Group (RWG) to integrate market participants into its Risk Management framework. This initiative is a strategic move to bolster the advisory capabilities of the Muqassa Risk Management Committee.

The inaugural meeting of the Risk Working Group took place on Thursday, May 30 where members concentrated on defining the group's overarching role and subjects of mutual interest.

The RWG will support Muqassa’s commitment to adopting superior risk management practices in the Saudi capital market. As an advisory body, the Risk Working Group will offer critical insights and recommendations concerning enhancements to the risk management framework. Furthermore, it will function as a pivotal channel for Muqassa to engage with market stakeholders, gathering their feedback on significant proposed amendments within the risk management framework.

The Risk Working Group includes select clearing members, in addition to members specializing in risk management and securities clearing. The first-term members of the Risk Working Group are as follows: Saudi Awwal Bank, Arab National Bank, HSBC, Al Rajhi Capital, Al Ahly Capital, Al Istithmar Capital, and Alinma Investment.