Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) will announce the expected to launch a financial derivatives market before the end of 2019, said CEO Khalid Abdullah Al Hussan

During an event organized by the Riyadh Chamber, Al Hussan said that he expects the derivatives market to be launched during the first quarter (Q1) of 2020.

The CEO also noted that a new mechanism for calculating indices was put for public discussion and will be approved this week.

The new mechanism will set a ceiling for the weight of any company in an index at around 15%, according to Al Hussan, indicating that Aramco, when listed, is not expected to exceed this limit.

On another note, he stressed that there are no intentions to open the door for Tadawul-listed companies to move to the Nomu-Parallel Market.