After the completion of the technical and functional requirements for launching the second phase of the text messaging service (SMS) project, as one of the projects included in the SDC strategic plan, and within the framework of the Center’s aim to strengthen effective communication with investors and expanding the electronic services provided, the SDC launched the second phase of the SMS project which shall include sending text messages of all types of transactions executed on the investors’ accounts such as securities transfers between accounts (inheritance transfer, family transfer, and transfer for the purpose of dividing the joint ownership), corporate actions, ownership restrictions (increase / decrease of capital or membership termination). Also SMS messages will be sent to the investor upon the issuance of an ownership notice or statement of account and when completing the procedures related to issuing the user name and password for the e-portfolio service. Noting that such SMS messages will be sent to the mobile numbers registered with the SDC database.

Accordingly, the SDC sent a memo to its members, Brokers and Custodians to verify the validity of their clients' data entered on the SDC’s database, and in particular, the clients' mobile to enable the investor to benefit from this service.