Transformation of Group

Saudi Tadawul Group Holding Company was formed in April 2021 with four subsidiaries; Saudi Exchange, the Security Depositary Center Company (Edaa), the Security Clearing Center Company (Muqassa), and Tadawul Advanced Solution Company (WAMID).

With its new structure, the Saudi Tadawul Group has established a diversified business model with a broad range of revenue streams and growth opportunities. The subsidiaries provide investors with a wide range of investment options, enabling them to access new asset classes and opportunities to manage risk and benefit from market movements.

Formation of WAMID

A new company - Tadawul Advanced Solutions Company (WAMID) launched its operations in April 2021. This fully-owned subsidiary of the Saudi Tadawul Group, aims to drive technology-driven innovation and transformation of the financial market, while seeking new opportunities in the region. Its goal is to enhance the investors experience by enhancing data access, and serving as the innovation hub for the Group.

Strategic Plans

With the formation of the Group structure, a revised comprehensive strategic plan was formulated for 2021-2025.

While maintaining important points of continuity with the preceding strategy, the new strategy seeks to drive growth by diversifying the business mix and developing new asset classes, products, and services; leveraging the Group’s integrated business model to create vital regional and global linkages; and improving the Group’s capabilities, resilience, and agility to thrive in a competitive global environment.


The recent successful IPO marks a major milestone in the Group's growth story as a leading diversified capital markets group in the MENA region, and a Saudi powerhouse with a global mindset that is able to leverage scale, innovation, and execution capabilities to drive long-term value for all our stakeholders, achieving the nation-wide goal of the successful delivery of Saudi's Vision 2030.

Financial performance highlights for 2021


1,166.08 Mn

Operating Revenue

8.01% YoY


820.69 Mn

Gross Profit

8.79% YoY


611.83 Mn

Operating Profit

12.64% YoY


668.85 Mn


13.10% YoY


66.22 Mn

Zakat expense

20.75% YoY


587.70 Mn

Net Profit after Zakat

17.42% YoY

Operational highlights

  • FTSE Russell included Saudi Arabia in Emerging Markets Government Bonds Index (EMGBI)
  • MOU signed between Edaa and Clearstream to facilitate access by foreign investors to Saudi Sukuk and Bond Market was activated
  • MOUs signed with Abu Dhabi Securities Exchange and Bahrain Clear
  • Wamid facilitating market participants to co-locate their servers and equipment within the Tier IV Data Centre

In the pipeline

  • The launch of single stock futures
  • The Activation of Edaa/Euroclear Bank agreement to foster links between the two depositories
  • Muqassa – activation of counterparty risk and netting transactions for cash market
  • Introduction of Market Maker service and supporting rules
  • Porting of key functions such as clearing, settlement, backup, and business continuity to new data centres