Nasdaq Dubai to launch futures trading of 12 Saudi firms from Sept | Reuters

Nasdaq Dubai to launch futures trading of 12 Saudi firms from Sept | Reuters:

Nasdaq Dubai will launch equity futures trading of 12 Saudi Arabian companies from September, stimulating investor interest in the kingdom’s capital markets, the exchange said.

Nasdaq Dubai, which launched UAE futures trading in 2016, announced in May this year it would add Saudi single futures.

On Tuesday, it identified the 12 Saudi companies, which have a combined market capitalization of 859 billion Saudi riyals ($229 billion), representing 43 percent of the Saudi stock exchange.