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Saudi Exchange Launches Depositary Receipts to Expand Investor Access
Saudi Exchange Launches Depositary Receipts to Expand Investor Access
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BTCCSquare news:
The Saudi Exchange has introduced Saudi Depositary Receipts (SDRs), a new financial instrument designed to provide local investors with seamless access to shares of foreign companies listed on global markets. Tradable and settled in Saudi Riyals, SDRs enhance liquidity while enabling conversion into underlying shares on their home exchanges.
"This marks a pivotal step in establishing Saudi Arabia as a global financial hub," said CEO Mohammed Al-Rumaih. The innovation allows simultaneous trading of cross-listed securities across markets, diversifying opportunities for institutional and retail participants alike.
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