Logo of the Saudi Exchange Co. (Tadawul)
The Saudi Exchange Co. (Tadawul) plans to introduce the single stock options (SSOs) contracts on Nov. 27, to be cleared with the Securities Clearing Center Co. (Muqassa).
SSOs will enable local and international investors to effectively hedge and manage risks, while also enhancing the diversification of products available for trading in the local capital market, according to a statement today, Oct. 29.
SSOs takes a specific company stock as its primary underlying asset.
The stocks selected for SSO contracts were chosen from a diverse range of Tadawul-listed companies, including the core assets of four companies: Saudi Aramco, Al Rajhi Bank, stc, and Saudi Basic Industries Corp. (SABIC).
Tadawul also confirmed its intention to expand the scope of SSO contracts to cover more companies.
>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Argaam EN – https://www.argaam.com/en/article/articledetail/id/1680235