Tadawul diversifies investment opportunities by rolling out single stock options

Tadawul diversifies investment opportunities by rolling out single stock options

The Saudi Exchange (Tadawul) is gearing up for the rollout of its newest exchange-traded derivatives product — the single stock options (SSOs), which will be introduced to the Saudi capital market through the core assets of four listed companies in the first phase, starting Nov. 27, with an eye to add more stocks in the future, as confirmed in previous statements by a Tadawul official to Argaam. The new product is part of a series of developments undertaken by the Saudi Tadawul Group Holding Co. (Tadawul Group). This reflects its ongoing commitment to achieve the ambition of the Saudi Vision 2030’s Financial Sector Development Program (FSDP) to build a solid, diversified financial sector, creating a developed and advanced Saudi capital market that attracts local and international investors. The Saudi capital market ranked the ninth largest exchange in the world in terms of market capitalization by the end of last September. The history of Tadawul Group is closely linked to the development of the Saudi capital market and the transformation of its technicalities. The company took part in the establishment of the infrastructure for securities transactions, with information technology (IT) being a cornerstone. It worked to develop advanced information systems and improve trading, settlement