12 Saudi companies launch new contracts at NASDAQ Dubai

NASDAQ Dubai yesterday announced the names of 12 major Saudi companies that will launch future contracts on their shares in September. The total market capitalization of these companies is SAR 859 billion ($ 229 billion), or 43% of the market capitalization of Tadawul, one of the largest securities markets in the region.

"These companies are among the leading companies in the Middle East, concentrated in various sectors, including real estate, petrochemicals, banking and transportation." These include Saudi Basic Industries Corporation (SABIC), Al Rajhi Bank, Al Enma Bank, Almarai, Dar Al Arkan Real Estate Development Company, Etihad Etisalat. ,

Director of Saudi Cement Company, Saudi Cement Company, Saudi Electricity Company, Saudi Kayan Petrochemical Company and Al Tayyar Travel Group. NASDAQ Dubai "Hamed Ali:" We are pleased to offer investors new products that offer unique access to the region's financial markets that support their ability to play an active role. "The launch of these products reflects increased opportunities for integration and interconnection between the region's financial markets."

The NASDAQ Dubai Futures Contracts will allow investors to make a profit as long as stock prices rise or fall. . NASDAQ Dubai individual equity futures will be traded in Saudi Riyals.

NASDAQ Dubai launched in September 2016 forward trades on seven companies listed in the UAE. Since then, the number has risen to 17 in February and the stock market has added futures to the Dubai Financial Market Index and ADI to the Abu Dhabi Securities Market. In May, the NASDAQ Dubai announced the launch of future contracts on individual Saudi shares.

NASDAQ Dubai is attracting more and more participants to join the derivatives market, including investment products, including equity futures The stock indexes and the launch of the product of options [19659004] The futures market is currently operating with leading brokerage firms in the GCC region as members, and with two active market makers on UAE futures.

NASDAQ Dubai is the global stock exchange for the region Between Western Europe and East Asia, regional and global issuers seek to take advantage of the opportunities of 39, regional and international investment. The stock market currently includes stocks, derivatives, sukuk (Islamic bonds), conventional bonds and real estate investment funds. The Dubai Financial Market (DFM) is the largest shareholder of Nasdaq Dubai, with a two-thirds stake, while Dubai Exchange holds one-third of the shares.