The year 2022 was a continuation of the success and achievements of 2021, as we entered a new phase aimed at expanding growth opportunities at all levels. Following the IPO of the Saudi Tadawul Group, our strategy focused on unleashing the potential of the group, whether in terms of overall performance or for each of its subsidiaries.

Driven by our strategy, we have launched new products, significantly enhanced our infrastructure, and strengthened partnerships within the Kingdom and beyond, which in turn will enhance the Group’s competitiveness to acts as an investment hub between the East and the West, as the Group is one of the main enabling factors for the Saudi economy and the main pillar for implementing the financial sector development program under vision 2030.

During 2022, the Group has enhanced the overall accessibility of investors and issuers to the region’s largest exchange, making the Saudi Exchange an attractive destination to list and access to the capital, and consolidates the position of the Saudi capital market among the best-performing listing markets.

This year has also been a record year for IPOs, positioning Saudi capital market as an important platform for accessing capital regionally and internationally. We have seen a significant increase in the number of listings across the Main and Parallel markets this year, including the Kingdom’s first dual listing.

All of which make the Saudi capital market more diverse, resilient, and globally appealing. The achievements of this year contribute to our longterm strategy of growth and facilitating interconnectivity with other financial markets around the world.

As Saudi Tadawul Group is central to the transformation of Saudi Arabia’s economy, we are committed to enabling sustainable growth, both as a Group and within our market. In 2022, we forged partnerships with local & international entities to further support gender diversity and promote financial literacy and encouraging sustainable business practices, as we grow our capital market and expand our asset classes.

In addition, we launched the Regional Voluntary Carbon Market Company in collaboration with the Public Investment Fund (PIF) announced the establishment of the Regional Voluntary Carbon Market Company, to support businesses and industries in the region as they play their part in the global transition to net zero.

As a result of the cumulative efforts, the Group achieved a net profit after Zakat of SAR 424.6 Mn, driven by our strategic investments in infrastructure for the trade and post trade enhancements and encourage listings. Based on this financial performance, the Group’s Board of Directors proposed a 23.1% cash dividend (SAR 2.31 per share) for 2022, with a total of SAR 277.1 Mn scheduled to be distributed in 2023.

Heading into 2023, our focus remains on achieving the goals of the Financial Sector Development Program and realizing Vision 2030. We aim to develop an advanced capital market and solidify its position as an attractive investment destination that connects the East and the West.

I would like to thank our leaders, the Custodian of The Two Holy Mosques, King Salman bin Abdulaziz Al-Saud, and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al-Saud, Crown Prince and Prime Minister of Saudi Arabia. They have inspired us to reach new heights as we strive to accomplish the goals set out in Vision 2030.

I also express my gratitude to our Board of Directors, Executive team, and the Group employees for their contribution to the achievements of this year. I thank our shareholders, issuers, investors, brokers, custodians, and service providers for elevating the Saudi capital market to new heights and supporting our journey, and I look forward to working together further to deliver a bright future as a leading global capital market group.

Sarah Al-Suhaimi
Chairperson