Tadawul: Saudi Kayan SSOs to start trading on May 19

16/05/2024 Argaam
Saudi Kayan Petrochemical Co.headquarters

Saudi Kayan Petrochemical Co. headquarters

The Saudi Exchange (Tadawul) stated that Saudi Kayan Petrochemical Co.'s single stock options (SSOs) will be available for trading as of May 19, which will be cleared by the Securities Clearing Center Co. (Muqassa), according to a Tadawul statement.

 

The SSOs will enable local and international investors to effectively hedge and manage portfolio risks as well as diversify the available-for-trading products in the market. On Nov. 27, 2023, Tadawul launched its latest financial derivatives products, SSOs, according to data available with Argaam.

 

SSOs give holders the right but not the obligation to buy or sell an underlying asset at an agreed upon price and date.

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