The Kingdom’s Vision 2030 is a transformative framework aimed at diversifying the Kingdom’s economy by reducing its reliance on oil and enhancing the private sector’s contribution. It emphasizes the role of the Public Investment Fund while advancing key strategic sectors such as health, education, infrastructure, recreation, tourism and more. Built on the pillars of a vibrant society, thriving economy and an ambitious nation, Vision 2030 charts a course for a prosperous future for Saudi Arabia.

Saudi Tadawul Group’s Progress and Impact in 2024

During 2024, Saudi Tadawul Group played a central role in driving the realization of Vision 2030 and the objectives of the FSDP. Key initiatives focused on expanding market diversity and efficiency through a broad and wide range of new listings, enhanced trading infrastructure, an expanded product portfolio, colocation services, the Data Monetization Program, advancements in the Post-Trade Transformation Program and innovative offerings like Omnibus accounts in the Saudi debt market. These served to strengthen the Kingdom’s financial sector, support economic growth, enhance the Group’s position as a global financial hub and modernize market infrastructure, solidifying the Group’s status as a transformative leader in regional markets and showcasing its capacity to compete on a global scale.

Launch of Single Stock Options on

Saudi companies, paving the way for market expansion

WAMID launched a Data Monetization Program

accelerating innovation in market data services and analysis

New listings in 2024

including 54% on Nomu, the Group exceeded CMA targets for the year

Nomu’s market
capitalization rose to

% 58.86
billion

Develop the Financial Sector

Saudi Tadawul Group continued to strengthen its efforts to advance and transform Saudi Arabia’s financial market by fostering derivative markets and diversifying financial products. The Group’s subsidiaries - Saudi Exchange, the Saudi Exchange Company, Muqassa, the Group’s clearing subsidiary and Edaa, the securities depository center - established a task force to further propel the Saudi market’s derivatives activity through the launch of Single Stock Options on 10 underlying Saudi companies, paving the way for market expansion.

Complementing this, the advancement of the Post-Trade Transformation Program (PTTP 2.0) and enhanced Muqassa risk management frameworks provided a foundation for sustainable growth. The Saudi Tadawul Group promoted investment diversification by broadening its range of services related not only to equities but also funds and debt securities, and actively worked to internationalize and institutionalize the derivatives market to attract domestic and global participants. These initiatives reflected the Group’s commitment to creating a resilient and dynamic financial ecosystem.

Drive Economic Growth

The Group contributed significantly to regional economic growth by enhancing market depth, liquidity and efficiency. Muqassa secured approvals from CMA and SAMA for its Recovery Plan and participated in global cyber resilience simulations, ensuring operational excellence Additionally, it facilitated the formation of the Risk Working Group, aligning with global guidelines and best practices to strengthen risk management frameworks. It also introduced a full list of government Sukuk and bonds as acceptable collateral to expand financial flexibility, ensuring broader risk management options for members.

The Saudi Exchange expanded its network of market makers, upgraded trading mechanisms and actively engaged with investors. With 55 new listings in 2024, including 54% on Nomu, the Group exceeded the targets set by the FSDP for the year. It boosted global and domestic engagement through over 1,300 visits, 45 workshops and roadshows in major financial hubs, educating Stakeholders about the listing process and creating pathways for greater participation in the Saudi capital market. It also strengthened investor relationships and facilitated international participation with its Foreign Companies Listing Guide.

These proactive initiatives led to increased trading volumes and a more vibrant market environment, as Qualified Foreign Investors (QFIs) surpassed 4,000 for the first time, contributing to 25% of the average daily trading value (ADTV). Liquidity was further bolstered by enhanced trading mechanisms, 3 new market makers and optimized market-making frameworks. Nomu’s market capitalization rose by 22% to % 58.86 billion, while total traded value increased by 41.7% to % 9.01 billion. High-frequency traders accounted for 25% of the ADTV, reaching up to 40% on peak days. Additionally, derivatives trading saw remarkable growth, with volumes up by 593% and value increasing by 76%.

Position Saudi Arabia as a Global Financial Hub

The Group strengthened Saudi Arabia’s position as a global financial hub through strategic global engagement and partnerships. The Capital Market Forum attracted over 4,200 participants in 2024, including 640 investors and 41 corporates, showcasing investment opportunities and strengthening international ties. The international edition of the forum in Hong Kong facilitated collaborations with HKEX to enhance connectivity with Asian markets, while the London Forum drove awareness and connectivity in the UK and beyond.

Additional partnerships were formalized through MoUs with exchanges in Bahrain, Qatar and Johannesburg, emphasizing the Group’s role in bridging global capital flows. The acquisition of a 32.6% stake in DME Holdings Limited, the parent company of Dubai Mercantile Exchange (DME), which was subsequently rebranded as Gulf Mercantile Exchange (GME) aligns with the Group’s growth strategy and Vision 2030 objectives, enabling diversification through commodities trading and unlocking new opportunities in energy, metals and agricultural markets. The partnership also supports the transition to a sustainable economy with the introduction of innovative derivative contracts. Furthermore, strengthened ties with foreign depository centers underscored the Group’s commitment to expanding its global footprint and creating cross-border opportunities.

Enhance Capital Markets Infrastructure

Modernizing the infrastructure of Saudi Arabia’s capital markets remained a cornerstone of the Group’s strategy in 2024, WAMID enhanced the Data Monetization Program based on a Google Cloud solution, accelerating innovation in market data services and analysis.

Edaa, another key subsidiary, launched a Savings Sukuk Program in partnership with NDMC, fostering financial inclusion and encouraging responsible investment. Edaa’s approval for its fund platform marked a major step forward in creating a robust and diversified investment landscape.

The Group also played a pivotal role in facilitating the introduction of Aramco’s secondary offering transaction, a significant milestone in the company’s financial journey, as well as the accelerated bookbuild offering of stc shares worth % 3.8 billion to local and international institutional investors. These initiatives highlight the Group’s commitment to enhancing market efficiency and demonstrates its expertise in navigating complex financial landscapes. Additionally, infrastructure upgrades further enhanced market accessibility and operational efficiency, positioning the Saudi capital market to meet the evolving needs of local and international participants.

Through its achievements across these pillars, Saudi Tadawul Group demonstrated its unwavering commitment to advancing Vision 2030.

By driving innovation, expanding market connectivity and fostering sustainable growth, the Group laid a solid foundation for continued success in transforming Saudi Arabia’s financial sector into a global powerhouse.

Promoting Sustainable Finance and ESG Integration

Saudi Arabia is making significant strides in integrating ESG principles into its financial sector. These efforts are part of the Kingdom’s broader strategy to promote sustainable development and diversify its economy. By embedding ESG criteria, Saudi Arabia is paving the way for a more accountable and transparent financial landscape, aligned with global sustainability goals.

The continued growth, accelerating innovation and enhanced sustainability in 2024 highlight Saudi Arabia’s commitment to shaping a forward-thinking, globally competitive financial sector. Saudi Tadawul Group continues to play a pivotal role in driving economic growth and transforming the Kingdom’s capital markets. By championing fintech innovation, fostering sustainable finance and attracting global investment, the Group is shaping a resilient, diversified and globally competitive financial ecosystem, ensuring the Kingdom’s financial sector remains a cornerstone of its ambitious Vision 2030 transformation.