The Securities Clearing Center Company “Muqassa” Announces the Commencement of Single Stock Options (SSOs) Contracts

The Securities Clearing Center Company (Muqassa) announces the commencement of clearing Single Stock Options (SSOs) contracts, and the service will be available as of today, 27th November 2023.

SSO contracts are the third derivative product to be cleared by Muqassa, complementing Single Stock Futures (SSF) and MT30 Index Futures (IF) contracts. 

Muqassa also announces the activation of a new service in the derivatives market which is the physical delivery of shares for the first time in the Saudi exchange for SSO contracts if the excersize is executed by the investor. 

SSO contracts give the buyer the right, but not the obligation, to buy or sell shares at an agreed price and date upon execution. To request the service, the investor must own the option contract, the right to execute. If the contract is executed, Muqassa will assign the shares and issue a settlement instruction.

The new services contribute towards the expansion in the financial derivatives market in line with Muqassa efforts to support the expansion in providing the market with new products and innovative solutions to fulfil the financial sector needs in the Kingdom of Saudi Arabia.