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Nasdaq Dubai launches Saudi futures in bid to diversify investor offering

Nasdaq Dubai launches Saudi futures in bid to diversify investor offering

Finance
The Nasdaq Dubai on Wednesday launched futures trading on shares of 12 Saudi Arabian companies, its first single stock futures outside of the United Arab Emirates. The move aims to diversify financial offerings to regional and international investors, allowing them to both invest in and trade Saudi companies on the Emirati exchange. The companies now available for futures trading on the Dubai exchange comprise a market capitalization of 794 billion Saudi riyals ($ 212 billion) and cover sectors including real estate, mining, banks, industrial materials and petrochemicals. "This is a very good opportunity for investors out of ...