The Nasdaq Dubai stock exchange announced on 9 January the start of futures trading in the value of shares in 12 firms listed on the Saudi Stock Exchange (Tadawul). The firms include a number of Saudi energy firms and banks: Aramco/Sumitomo refining and petchems joint venture Petro Rabigh; Saudi Electricity Company (SEC); petchems producer Saudi Kayan; Al Rajhi Bank; and Alinma Bank.

Nasdaq Dubai says the futures contract is designed for hedging investment positions, profiting from...