Tadawul CEO: Saudi Bourse To Activate ETFs By Next Year’s Beginning

By Yomna Yasser On Dec 10, 2012

The Saudi Stock Exchange (Tadawul) is considering to add a number of financial instruments and mechanisms to the market within the coming year. The Saudi bourse is planning to increase the market activities and provide more options for the investors.

In an exclusive statement to Amwal Al Ghad, Abdullah Alsuweilmy – CEO at Tadawul – announced that the Saudi bourse is targeting bringing the exchange traded funds (ETFs) mechanism into effect by the beginning of 2013. He added that the Saudi Stock Exchange shall start the new mechanism with around 3 funds.

“The Saudi Stock Exchange is currently using a few financial instruments; It needs to add more so as to stimulate the market.” Alsuweilmy noted