Middle East Economic Survey

VOL. LII

No 36

7-Sep-2009

SAUDI ARABIA

Tadawul And S&P Sign Index Creation Agreement

The Saudi Stock Exchange (Tadawul) has signed an index creation agreement (ICA) with Standard & Poors (S&P), the index provider and rating agency announced on 30 August. The agreement authorizes S&P to use real-time Tadawul market data and information to create indices that measure the performance of the Saudi stock market and serve as the basis for third-party...