Morgan Stanley Saudi Arabia (MSSA) has launched equity trading in Saudi Arabia on the Tadawul stock exchange. The move will allow the bank and its customers to engage in cash equities trading and will allow Saudi, as well as GCC, investors to benefit from Morgan Stanley's global expertise. The launch of equity trading in Saudi Arabia comes after the bank embarked upon economic and equity strategy research coverage in the Kingdom. MSSA Chairman Dr. Fahad Almubarak has stated that Saudi Arabia is a key market for Morgan Stanley, and that with the recent launch of equity strategy research and equity trading the bank is in a critical stage of developing its presence in the country. Chief Executive Officer Habib Achkar has expressed the firm's excitement at being able to allow international and local clients to trade on the Saudi market. Achkar went on to thank the Capital Market Authority and Tadawul for their ongoing support in helping the firm to achieve this move.
