Saudi Arabia's Tadawul to launch derivatives market on August 30 | ZAWYA MENA Edition:
The Saudi Stock Exchange (Tadawul) will launch its exchange-traded derivatives on August 30, 2020.
The first exchange-traded derivatives product is an index futures contract, the Saudi Futures 30 (SF30). This contract is based on the MSCI Tadawul 30 Index (MT30).
“The launch of The Derivatives Market is a significant step to further advance the Saudi capital market, providing investors with a full and diversified range of investment products and services,” Tadawul said in a statement.
“The SF30 will provide investors with hedging tools to more effectively manage risk and will deliver expanded opportunities to gain exposure to the Saudi capital market,” the statement added.
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