Nasdaq Dubai launched futures trading on the shares of 12 Saudi Arabian companies in a significant step forward for the region’s capital markets.

The move enables investors to gain from changes in the Saudi listed companies’ share price by trading the futures Nasdaq Dubai. The futures are designed to increase the appeal of regional markets to international investors. They can be used as tools for hedging existing positions or taking a view on market movements. Investors can make gains from futures whether the underlying share prices rise or fall.

The 12 companies have a combined market capitalisation of $212 billion and include Saudi Basic Industries Corporation (SABIC), Al Rajhi Bank, Alinma Bank, Almarai Company, Dar Al Arkan Real Estate Development Company, Etihad Etisalat Company, Rabigh Refining and Petrochemical Company, Saudi Arabian Mining Company, Saudi Cement Company, Saudi Electricity Company, Saudi Kayan Petrochemical Company and Altayyar Travel Group.

Nasdaq Dubai is the international financial exchange in the Middle East. It allows companies to benefit from a unique investor pool that combines regional and international wealth, making it a globally unique platform for companies to raise money and for investors to find exciting opportunities.

Source: Arabian Business

Fulya Altunyay/[email protected]