Technology and Innovation
Technology Applied with Strategy Purpose
Saudi Tadawul Group’s technology and innovation strategy is anchored in driving operational excellence, fostering continuous improvement and delivering forward-looking solutions that strengthen the financial market ecosystem. This strategy is purposefully aligned with the Group’s vision to enhance Saudi Arabia’s capital markets, promote economic diversification and establish global competitiveness.
In 2024, Saudi Tadawul Group's approach demonstrated tangible success by:
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Ensuring uninterrupted operations
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Building resilient and scalable infrastructure
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Adhering to global standards
Measurable Performance and Progress
Saudi Tadawul Group has demonstrated exceptional alignment between measurable performance and strategic objectives, underpinned by targets that focus on systems availability, scalability and service quality. In 2024, the Group exceeded its targets in systems uptime, met its infrastructure scalability benchmarks and maintained high levels of customer satisfaction.
Strategic milestones this year included the successful completion of annual certifications, adherence to international standards and the launch of the Post-Trade Transformation Program Phase 2 (PTTP 2.0). This transformative platform enhanced market efficiency, scalability and competitiveness, aligning with the Group’s vision of supporting a resilient and advanced financial ecosystem.
The Group’s resilience was notably evident during global disruptions, as it maintained seamless operations amidst external challenges, underscoring its leadership in ensuring market stability and reliability. These accomplishments further cement Saudi Tadawul Group’s reputation as a technology-driven leader, playing a pivotal role in driving innovation, fostering growth and powering the Kingdom’s ambitious Vision 2030 transformation.
Pioneering Innovation and Data Monetization
In 2024, WAMID made substantial progress with its Data Monetization Program, leveraging Saudi Tadawul Group’s extensive data resources to develop impactful products. By adopting advanced technologies and integrating artificial intelligence (AI), the program streamlined the development and monetization of data assets, meeting the evolving needs of the market and unlocking new growth opportunities.
Post-Trade
Enhancements
Advancing Market Sophistication with Post-Trade Enhancements
Saudi Tadawul Group successfully implemented its second bundle of Post-Trade Transformation Program enhancements, marking a significant milestone in the modernization of the Saudi capital market. This initiative supports the Kingdom’s ambitious Vision 2030 and aims to position Saudi Arabia as a premier global financial hub. Building on the achievements of the first phase launched in 2022, this comprehensive package introduced critical infrastructure improvements across the Group’s subsidiaries to align with global best practices and enhance operational efficiency.
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