News

Nasdaq Dubai launches equity futures in Saudi Arabia

Saudi Arabian stocksInvestors in Saudi stocks will have access to new hedging tools after Nasdaq Dubai revealed plans to launch equity futures on Saudi stocks. The initiative comes on the back of growing international investor interest in the Saudi stock market, which was upgraded to emerging market status by FTSE Russell in March. The futures are scheduled to be launched in the third quarter of 2018 and will cover some of the kingdom’s largest businesses in sectors including transport, banking, real estate and petrochemicals. Hamed Ali, chief executive of Nasdaq Dubai, said the move would give investors “an exciting new route to gain exposure to the kingdom’s dynamic and rapidly expanding equity markets”. Nasdaq Dubai launched a UAE futures trading business in September 2016, initially with seven UAE-listed companies. Although that number has since increased to 17, activity remains limited. ©2018 funds global mena

Executive Interviews

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

INTERVIEW: Protecting the investment

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Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

Roundtables

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.

SOUTH AFRICA ROUNDTABLE: Airline syndrome

Jun 13, 2018

Our panellists tell us that instead of launching competing national projects, African countries should work together for the sake of a bigger capital market. Chaired by George Mitton in Cape Town.