Saudi Exchange has officially launched single stock options, the newest offering in its derivatives market, with trading beginning on the morning of Nov. 27.
In an event inaugurating the launch at the Tadawul headquarters in Riyadh, the CEO of the body, Mohammed Al-Rumaih, outlined that this introduction to the market will serve to increase liquidity within the exchange, providing an opportunity for investors to diversify their portfolios while simultaneously mitigating risk.
The body disclosed its plan to introduce 100 shares of US-style, physically settled options, with four underlying assets selected from the biggest and most liquid companies on the exchange.—AN
