During a year of strategic progress and noteworthy milestones, the Group unveiled its ambitious new strategic aspiration to leverage its full potential as a market leader and innovator, catalyzing Saudi Arabia’s transformation into a pivotal global financial hub bridging East and West.

The Group solidified its leadership position this year through a range of strategic transformation, acquisitions, products and services launches, and partnerships, which is a testament to its relentless pursuit of growth and diversification journey. The acquisition by Tadawul Advanced Solutions Company (WAMID) of DirectFN marked a pivotal moment in the Group’s growth trajectory, amplifying its strategic ambitions, technological prowess, and market reach. The Securities Depository Center (Edaa) launched a multi-faceted transformational journey to support the diversification of revenues through new products; Securities Clearing Center Company (Muqassa) was recognized as the Best Clearinghouse in the Region by Arab Federation of Capital Markets (AFCM), and Saudi Exchange’s introduction of new indices and Single Stock Options was a transformative step in market sophistication. The surge in overall listings, with 51 across all of the Saudi Exchange markets, culminated in an impressive market performance and showcased its resilience.

Complementing these significant steps in Saudi Tadawul Group’s growth journey, the Group’s performance in 2023 was nothing short of spectacular. The Saudi Exchange ranking 8th globally and 1st in the MENA region by market capitalization of SAR 11.31 trillion (USD 3.02 trillion), demonstrating the Group’s robust strategy and growth to support the Saudi economy.

The Group prioritizes investing in data monetization, diversifying the range of securities offered, and enhancing communication of its growth strategy. The Group’s trajectory in 2023 demonstrated its unwavering focus on reshaping the regional financial landscape and setting new benchmarks for global financial markets. Its journey is a clear message to the world: the Saudi Tadawul Group is a “Regional Powerhouse” transforming with “Global Ambition”.