Nasdaq Dubai names equity futures companies

NasdaqNasdaq Dubai has released the names of the 12 Saudi companies that will form its new equity futures to be launched in September. According to the exchange, the companies are “large and liquid stocks active in major industries” covering the real estate, petrochemicals, banking and transport sectors. They include Saudi Basic Industries Corporation, Al Rajhi Bank, Alinma Bank, Almarai Company and Etihad Etisalat Company. The group has a combined market capitalisation of $229 billion, which represents 43% of the market cap of the Saudi Stock Exchange. The single stock futures will be traded on Nasdaq Dubai in Saudi riyals. According to Hamed Ali, chief executive of Nasdaq Dubai, the futures will “provide investors with new hedging and leverage tools that support their ability to play an active role in the Saudi equity market”. ©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

Nov 23, 2017

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.


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.


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.