Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) on Tuesday has announced that it will launch exchange-traded derivatives in the first half of 2019.
In the same vein, the Saudi bourse will introduce an index futures contract based on the tradeable index jointly developed with index compiler MSCI, according to Tadawul’s statement.
The Saudi market is looking to launch additional derivative products gradually as part of its strategy to diversify its product offering and provide further investment opportunities for market participants.
“The introduction of derivatives is part of the Vision 2030 Financial Sector Development Programme,” Khalid Al Hussan, CEO of Tadawul, said.
He added that the step reflects Tadawul’s ongoing commitment to create fresh opportunities for investors and to increase institutional investors' participation in the Saudi market.