Tadawul launches SSO contracts of SNB

15/02/2024 Argaam
Logo ofSaudi National Bank (SNB)

Logo of Saudi National Bank (SNB)

The Saudi Exchange (Tadawul) announced the launch of single stock options (SSOs) contracts of the Saudi National Bank (SNB) from Feb. 18, which will be cleared by the Securities Clearing Center Co. (Muqassa). 

 

SSOs will enable local and international investors to effectively hedge and manage portfolio risks as well as diversify products available for trading in the market.

 

Tadawul introduced new SSOs on Nov. 27, 2023, as its latest financial derivatives, Argaam earlier reported.

 

SSOs grant holders the right to sell or buy a base asset at a set price and date, without obligation.

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