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Saudi Exchange Announces Intention to Launch Single Stock Futures on July 4, 2022

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  • Single Stock Futures (SSF) are the second in a series of derivative products to be introduced on the Saudi Stock Exchange

  • 10 underlying stocks were selected for the SSF contracts based on certain criteria to ensure market interest and liquidity

  • The launch of Single Stock Futures will enable the expansion of the Saudi Stock Exchange’s derivatives market to include additional derivatives.

  • SSF contracts will be approved and settled by Muqassa in accordance with international best practices.

  • SSF contracts will be live on the 4the of July 2022

RIYADH, Saudi Arabia, June 27, 2022 /PRNewswire/ — The Saudi Stock Exchange today announced plans to launch Single Stock Futures (SSF), the second derivative product to be introduced on the Saudi Stock Exchange. From the 4e of July 2022the new contracts will be available for trading, which will begin to allow local and international investors to more effectively hedge and manage portfolio risk as well as diversify the products available for trading in the market.

SSF contracts are standard futures contracts with an individual stock as the underlying asset. The underlying stocks have been selected from the largest and most liquid companies listed on the Saudi Stock Exchange. SSFs are traded on the Exchange like other spot market products. SSF contracts will be cleared and settled by Securities Clearing Center “Muqassa” in accordance with international best practices.

Speaking on occasion, Mohammad Al RumayhCEO of Saudi Exchange, said“We are delighted to introduce the second derivative product to the Saudi Stock Exchange, as we continue to deliver on our commitment to provide a sophisticated and innovative range of products and services to local and international investors. The launch of SSF Contracts further supports the advancing the Saudi capital market by creating diversified offerings, complemented by hedging tools to manage risk and limit losses in adverse market conditions.”

All investors can trade SSF through a registered member of Derivatives. The 10 assets underlying the SSF contracts include: Al Rajhi Bank, Saudi Aramco, Saudi National Bank, Alinma Bank, SABIC, stc, Saudi Kayan, Saudi Electricity, Almarai and Ma’aden. Stocks are selected based on a list of criteria that aim to ensure liquidity to meet market demand, maintain market integrity and enable efficient portfolio management, trading and hedging opportunities.

The Saudi Stock Exchange launched the derivatives market in 2020 and is looking to introduce additional derivatives such as single stock options.

Learn more about trading single stock futures on the Saudi Stock Exchange here: https://www.saudiexchange.sa/wps/portal/tadawul/knowledge-center/about/derivatives?locale=en

About Saudi Exchange

The Saudi Stock Exchange is the authorized entity in the Kingdom of Saudi Arabia act as the Kingdom’s stock exchange (the Exchange), listing and dealing in securities. The Saudi stock market is the 9th largest stock market among the 67 members of the World Federation of Exchanges and is the dominant market of the Gulf Cooperation Council (GCC). The Stock Exchange is the 3rd largest stock market among its emerging market peers. For more information, see: www.saudiexchange.sa

SOURCE The Saudi Stock Exchange

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