Morgan Stanley Launches Equity Trading in Saudi Arabia

Riyadh —

Morgan Stanley (NYSE:MS) today announced that Morgan Stanley Saudi Arabia (MSSA) has launched equity trading on the KSA stock exchange, Tadawul. This new capability enables the Firm and its clients to trade cash equities and delivers the Firm's global market expertise to Saudi as well as GCC investors. The launch also enables MSSA to service international clients via swap contracts.

The new equity trading capability follows on the Firm's recent initiation of economic and equity strategy research coverage for Saudi Arabia. 

Dr. Fahad Almubarak, Chairman of MSSA said, "Saudi Arabia is a key market for the Firm and this new trading capability, in conjunction with our recent research initiation, is a vital stage in the development of our local product offering. In addition to our expertise in investment banking, asset management and wealth management, this initiative helps us grow our presence and product offering to service our institutional and corporate clients."

Commenting on this development, Habib Achkar, CEO of MSSA said, "We are very excited to have the infrastructure in place to provide the best distribution and execution for our international and local clients to trade in the Saudi markets. We would like to take this opportunity to thank the Capital Market Authority and Tadawul for their continued support in helping us achieve this important milestone"

In August 2008, Morgan Stanley Saudi Arabia became the first investment bank to successfully execute a Swap transaction on behalf of a non-resident foreign investor, giving clients outside the Kingdom access to companies listed on the Tadawul.

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management, wealth management and credit services.  The firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 600 offices in 36 countries.  For further information about Morgan Stanley, please visit www.morganstanley.com.

Note to Editors:

Morgan Stanley in the Middle East & North Africa

Morgan Stanley has been active in the Middle East and North Africa region since the 1970s, providing a variety of investment banking, asset management and wealth management services.  The Firm opened its first office in the Middle East region in the Dubai International Financial Centre.

Morgan Stanley Saudi Arabia

Morgan Stanley Saudi Arabia (MSSA) was established in 2007 when Morgan Stanley entered into a majority owned joint venture with The Capital Group, a leading Saudi investment bank. With offices in Riyadh, Jeddah and Khobar , MSSA offers a full range of investment banking, sales and trading, wealth management and asset management services. 

Contacts: 

Media Relations, Sebastian Howell, +44 20 7425 5324 

Capital MS&L, Daniela Fleischmann, +971 4 367 6164