Maaden SSO contracts to start trading on April 21: Tadawul

18/04/2024 Argaam
Saudi Arabian Mining Co. (Maaden) headquarters

Saudi Arabian Mining Co. (Maaden) headquarters

The Saudi Exchange (Tadawul) announced the launch of single stock options (SSOs) contracts of Saudi Arabian Mining Co. (Maaden) from April 21. The contracts 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 said in a statement.

 

The derivative instrument was introduced to the market on Nov. 27, 2023, 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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