S&P signs Index Licensing Agreement with Saudi Stock Exchange

Standard & Poor’s, the world’s leading index provider, announced it has signed an Index Creation Agreement (ICA) with the Saudi Stock Exchange (Tadawul).

The new agreement authorises Standard & Poor’s to use Tadawul securities data to maintain current and launch new indices for the Saudi equity market.

It reaffirms Standard & Poor’s commitment to the development of Middle Eastern capital markets and to satisfying the wide array of investment, portfolio benchmarking and trading needs of local and international investors seeking to develop innovative financial solutions.