Saudi Tadawul Exchange to Allow Single-Stock Futures From Next Quarter - Bloomberg
Saudi Arabia will start futures trading on single stocks in the second quarter of this year, the head of the Tadawul stock exchange said, as the Middle East’s largest bourse moves to boost liquidity.
The Tadawul will initially select about 10 liquid companies for futures trading, Chief Executive Officer Khalid Al-Hussan said in an interview with Bloomberg TV on Monday.
“Post that, we will continue to seek investors’ demand on any additional single futures contracts to be added to the market,” he said.
The introduction of single-stock futures trading marks the latest move toward liberalizing Riyadh’s exchange and attracting foreign investors. The kingdom opened up one of the world’s most closed stock markets to increased international participation just over five years ago, and later allowing funds based abroad to buy into initial public offerings.
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