Standard & Poor's (S&P) has signed an Index Creation Agreement (ICA) with the Saudi Stock Exchange (Tadawul) to launch new indices for the Saudi equity market.
The agreement will allow the index provider to use the exchange's securities data to maintain current indices, plus develop the Middle Eastern capital markets. It also aims to satisfy the range of investment, portfolio benchmarking and trading needs of local and international investors. The agreement will enable S&P to use real-time Tadawul market data and information to create indices measuring the performance of the Saudi stock market and serve as the basis for third-party index-linked products. "Standard & Poor's is committed to providing our clients, both in Saudi Arabia and th...
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