Saudi Exchange launches single stock options
Saudi Exchange has launched single stock options (SSOs) contracts which are available to trade from today (27 November 2023).
Investors are now able to trade SSOs on four listed stocks as their underlying assets, according to the Saudi Arabia stock exchange.
SSO contracts are the third derivatives product to be introduced on the Saudi Exchange and will be cleared by the securities clearing centre company Muqassa.
The first tranche of SSOs will be based on Aramco, Al Rajhi Bank, Saudi Telecom and Sabic.
