Single Stock Options Contracts Help in Developing Saudi Market, Attracting Investors

Saudi Exchange (Tadawul) announced that Single Stock Options (SSOs) contracts will be available to trade as of Monday. (SPA)
Saudi Exchange (Tadawul) announced that Single Stock Options (SSOs) contracts will be available to trade as of Monday. (SPA)
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Single Stock Options Contracts Help in Developing Saudi Market, Attracting Investors

Saudi Exchange (Tadawul) announced that Single Stock Options (SSOs) contracts will be available to trade as of Monday. (SPA)
Saudi Exchange (Tadawul) announced that Single Stock Options (SSOs) contracts will be available to trade as of Monday. (SPA)

The Saudi Exchange (Tadawul) launched on Monday single stock options (SSOs) contracts, the newest offering in its derivatives market.

The new offerings include American-style options that are physically settled for some of the Kingdom’s most prominent companies: Saudi Aramco, Al Rajhi Bank, stc and SABIC.

In remarks to Asharq Al-Awsat, financial analysts described the launch of the SSOs contracts as a move towards developing the Saudi financial market, diversifying its investment tools and channels, and attracting capital, major investment companies, and foreign investors to the Saudi market.

CEO of Razeen Capital Mohammed Al-Suwayed said options contracts were very important in attracting additional capital to the Saudi Exchange, and helping long-term investors protect their investments and increase methods of controlling financial market risks.

Financial analyst Abdullah Al-Jabali,noted that the SSOs contracts would contribute to the development of the Saudi financial market and its investment tools, and expand the base of channels for investors.

He added that the Capital Market Authority’s selection of four of the largest and most heavily weighted companies in the market for the SSOs contracts confirms the Authority’s keenness on the importance of this investment tool and the necessity of its use by trading and investment professionals in the financial and stock markets.

In a statement, Tadawul announced that SSOs contracts will be available to trade as of Monday, in which investors can trade SSOs on four listed stocks as their underlying assets.

It added that SSOs contracts were the third derivatives product to be introduced in the Saudi Exchange and will be cleared by the Securities Clearing Center Company “Muqassa”.

The first tranche of SSOs will be based on the following listed companies: Aramco, Al Rajhi Bank, Saudi Telecom Co. and SABIC.



Biban24 Forum in Riyadh Concludes with Signing of Agreements Worth SAR35.4 Billion

The five-day forum attracted a large number of entrepreneurs from various countries and featured over 300 panel discussions and workshops. (SPA)
The five-day forum attracted a large number of entrepreneurs from various countries and featured over 300 panel discussions and workshops. (SPA)
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Biban24 Forum in Riyadh Concludes with Signing of Agreements Worth SAR35.4 Billion

The five-day forum attracted a large number of entrepreneurs from various countries and featured over 300 panel discussions and workshops. (SPA)
The five-day forum attracted a large number of entrepreneurs from various countries and featured over 300 panel discussions and workshops. (SPA)

The Biban24 Forum, organized by Saudi Arabia’s Small and Medium Enterprises General Authority (Monsha’at), concluded in Riyadh on Saturday after five days with agreements and initiatives topping SAR35.4 billion.

The forum, which attracted more than 182,000 visitors and was held under the theme “Global Destination for Opportunities”, offered numerous opportunities and activities to support the Kingdom's rapid development in the SME and entrepreneurial sectors.

Monsha'at Governor Sami Alhussaini said: “Biban24 achieved great success this year. We witnessed record agreements and the introduction of many innovative initiatives that support entrepreneurship in the Kingdom. We are proud of the announcements for financing portfolios and strategic partnerships with prominent local and international entities.”

The five-day forum attracted a large number of entrepreneurs from various countries and featured over 300 panel discussions and workshops in which over 250 foreign and local speakers took part.

The Biban Talks stage hosted over 100 speakers who delved into topics such as media, tourism, environment, education, sports, finance, and investment. The interactive environment enabled entrepreneurs to share their success stories and challenges.

Some 115 entrepreneurs took part in the Investors Arena, showcasing their projects to investors, which resulted in preliminary agreements for investors to sign deals with 65 companies, worth over SAR15 million.

More than 1,300 startups from 72 countries participated in the forum, which also celebrated the graduation of 12 startups from the Real Estate Innovation Accelerator. Also, the virtual lab was launched to support entrepreneurs.