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Tadawul to launch derivatives market in August

Tadawul to launch derivatives market in August
The launch will further develop the Saudi market

Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) will launch the Derivatives Market on 30 August 2020 to start trading of the kingdom's first exchange-traded derivatives product.

The launch is an important step to develop the Saudi market. Moreover, the financial derivatives market will offer investors a comprehensive and diversified range of investment products and services, according to a statement on Tuesday.

The SF30 Index Futures Contract, which is based on the MSCI Tadawul 30 (MT30) Index, will give investors hedging tools that will help manage risks more effectively and offer various investment opportunities.