NASDAQ Dubai announces the names of 12 Saudi companies to launch future contracts for their shares in September

31 07 2018

The selected companies are the largest companies in the largest and most active sectors.

New products are part of stock plans offering regional opportunities to international investors

Dubai – NASDAQ Dubai announced today will launch future contracts for its shares in September 2018.

These 12 companies Saudi women are considered to be among the largest companies in the Middle East, which are concentrated in various sectors, including real estate, petrochemicals, banking and transportation. The total market value of these companies is SAR 859 billion ($ 229 billion), or 43% of the market capitalization of the Saudi Stock Exchange (Tadawul), one of the largest stock markets in the region. Saudi Arabian Mining Company, Saudi Cement Company, Saudi Electricity Company, Saudi Kayan Petrochemical Company (SAIC) and Saudi Arabian Petrochemical Company (SABIC); And the Leading Group "We are excited to offer investors new products that offer unique access to the region's financial markets that support their ability to play an active and active role." The launch of these products reflects increased integration opportunities, "said Hamed Ali, CEO of NASDAQ Dubai and the interdependence of financial markets in the region."

NASDAQ Dubai's future contracts will allow investors to make profits in the face of rising or falling share prices, which will boost investors' interest in Saudi financial markets. The NASDAQ Dubai individual equity futures will be traded in Saudi Riyal (SAR), the reference currency for Saudi equities.

        

The TASI TASI index has increased by 16% this year. The value of trading on the stock exchange amounted to 475 billion Saudi Riyals, up 9% over the same period last year. Earlier this year, MSCI and FTSE Russell announced that they would join the Saudi market in the emerging markets index.

NASDAQ Dubai launched futures contracts in September 2016 on seven listed companies in the United Arab Emirates. Since then, this number has risen to 17 in February 2018. The exchange has added futures to DFMGI and ADI at the Abu Dhabi Securities Market. In May 2018, Nasdaq Dubai announced that it would launch future contracts on individual Saudi shares.

NASDAQ Dubai is working to attract more participants to join the derivatives market as they develop. This expansion will include investment products, including futures on various stock exchanges and stocks in the region, as well as the launch of the option product.

The futures market is currently operating with leading brokerage firms in the GCC region as members, and with two active market makers registered in the United Arab Emirates.

About NASDAQ Dubai

NASDAQ Dubai World Stock Exchange for the region between Western Europe and East Asia. The exchange will host issuers from the region or around the world seeking to take advantage of regional and international investment opportunities. The stock market currently includes stocks, derivatives, sukuks (Islamic bonds), conventional bonds and real estate investment funds.

Dubai Financial Market is the largest shareholder of Nasdaq Dubai with a two-thirds stake, the Dubai Exchange Services Authority (DFSA) The NASDAQ Dubai regulatory authority. The headquarters of the stock exchange is located at the Dubai International Financial Center.

© Press Release 2018