OMX announced an agreement among the firm, Capital Market Authority and the Saudi Arabia Saudi Stock Market Tadawul to provide new market technology and infrastructure.
The project will include licenses, delivery with support and maintenance
Under the contract, OMX will design, implement and manage the infrastructure for the market.
Magnus Bcker, CEO of OMX, said earning a contract like the one the company now has with Tadawul is an opportunity for OMX to strengthen its position in the Middle East.