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DUBAI / WAM
Nasdaq Dubai, the international stock exchange in the Middle East, is preparing to launch equity futures on leading companies listed in Saudi Arabia.
The futures will give investors new hedging tools to take long and short positions on the companies, at a time when international investor interest in the Saudi stock market is increasing rapidly.
The Saudi companies on which futures will be offered are some of the Middle East’s largest businesses active in sectors including petrochemicals, real estate, banking and transport.