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Saudi bourse says derivative product to boost investment profile ahead of IPO | Malay Mail

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RIYADH, July 15 ― Saudi Arabia's bourse is committed to listing on the stock exchange and the launch of its first exchange-traded derivatives product will enhance its profile with foreign investors ahead of its flotation, its chief executive said. Tadawul, which hired HSBC in 2016 to manage its...

Wednesday, 15 Jul 2020 08:17 AM MYT

Tadawul, which hired HSBC in 2016 to manage its planned initial public offering , initially targeted for 2018, had put its plans on hold due to oil giant Saudi Aramco's record US$29.4 billion IPO at the end of last year. With a market capitalisation of US$2.5 trillion, Tadawul is the world's 9th biggest stock market, ranked after the London Stock Exchange and ahead of Canada's Toronto Stock Exchange, according to World Federation of Exchanges data.

 

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