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2020-07-10 11:15:00

SAUDI'S DERIVATIVES EXCHANGE

SAUDI'S DERIVATIVES EXCHANGE

AN - July 10, 2020 - Saudi Arabia's Capital Market Authority (CMA) plans to launch a derivatives exchange in the latest move to modernize the Kingdom's financial landscape.

An announcement about the launch of futures contracts will be made before the end of the third quarter of this year, Asharq Al-Awsat newspaper reported, citing CMA Chairman Mohammed El-Kuwaiz.

"We are in the phase of developing the derivatives market with intensive work on the options contracts and the futures contracts" he said.

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