The 12 companies are listed on the Tadawul with a combined market capitalisation of SAR 794 billion ($212 billion).
Thursday 10, January 2019 BY KUDAKWASHE MUZORIWA
Nasdaq Dubai has launched futures trading on the shares of 12 leading Saudi Arabian companies.
In a statement, Nasdaq Dubai stated that the futures are designed to increase the appeal of regional markets to international investors.
Additionally, the futures can be used as tools for hedging existing positions or taking a view on market movements, with leverage to maximise the outcome of their trades and investors can make gains from them whether the underlying share prices rise or fall.
Abdul Wahed Al Fahim, Chairman of Nasdaq Dubai, said, “Our Saudi equity futures market is built on collaboration with a wide variety of regional and international market participants as well as extensive analysis of investors’ needs.”
The move enables investors to gain from changes in the Saudi-listed companies’ share price by trading the futures on Nasdaq Dubai.
SABIC, Saudi Electricity Company and Almarai are among leading contracts.