Russell to List Indexes on Saudi Stock Exchange
November 11, 2010 (PLANSPONSOR.com) - Russell Investments and the Saudi Stock Exchange (Tadawul) have signed an agreement under which Russell becomes authorized by Tadawul to offer Russell Indexes on the Saudi market.
Reported by PLANSPONSOR staff
Under the agreement, Russell is authorized to use real-time Tadawul prices and other data to create Russell Indexes that measure the performance of the Saudi stock market as well as regional GCC Russell Indexes. These Russell Indexes also may serve as the basis for third-party investment products such as mutual funds, ETFs and other financial products that enable investors to participate in the performance of the Saudi stock market.
Tadawul accounts for half of the entire equity market capitalization and nearly three-quarters of the entire equity value traded of all Gulf Cooperation Council (GCC) stock exchanges.
For more information about Tadawul please visit www.tadawul.com.sa.