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Tadawul launches Saudi Stock Market information dissemination service

Tadawul has reached agreement with National Technology Group (NTG) to offer a real-time price and information dissemination service for the Saudi Stock Market, the first of its kind in the Kingdom of Saudi Arabia on a subscription basis.

Jan 29th, 2003- Riyadh, KSA - Called Uniquotes, the system is a real-time market data feed and enables subscribers to watch market movements in real-time from the comfort of their home or office. Subscribers can view on their computer screens, dynamically updating real-time prices, time & sales, corporate actions, news, charts, market depth, alerts, portfolio, top gainers, losers and much more in Arabic or English.

Uniquotes can be personalised to allow subscribers the freedom and flexibility to view the information they want and in the form they want. http://tadawul.uniquotes.com

Musaed Al Nemer, Head of Marketing & Public Relations at Tadawul, said: “The launch of Uniquotes is central to Tadawul's broader strategy of extending Saudi stock market information to a wider investor base.

“By collaborating with data vendors such as NTG to disseminate real-time prices, we hope to stimulate investor interest in how the stock market operates and so encourage investment in Saudi quoted companies,” he added.

UniQuotes is available in two versions: (1) a Workstation version targeted at banks, high net-worth individuals and active investors, and (2) a Streamer version targeted at the retail investor. Both services can be accessed through a dial-up Internet connection apart from other flexible connectivity options.

According to Ravi Chari, NTG General Manager for Uniquotes, “UniQuotes will empower investors with information and tools that can help them track market trends and make profitable decisions. We have made a significant investment to develop, refine and perfect UniQuotes and will continue to enhance the product in future.”

He added that the support and feedback from Tadawul had been key to making UniQuotes a truly world-class product, yet appropriate for the Saudi market.

Issued on behalf of Tadawul by Gulf Hill & Knowlton. For further information, please contact Andrew Mackay or Yasser Al Ghaslan on Tel: 00966 1 218 0516/7/8

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