Delivering Success through Ambition

This year marked a significant milestone in the growth and diversification of the Saudi capital market, with a robust pipeline of IPOs driving economic expansion, unlocking new investment opportunities, and enhancing market liquidity. The sustained momentum in listings reflects the strong confidence of both domestic and international investors in the market’s long-term potential and reinforces its role in achieving the Kingdom’s ambitious Vision 2030 objectives of economic diversification, increased private sector participation and positioning Saudi Arabia as a leading global financial hub.

As part of our ongoing efforts to enhance market accessibility and efficiency, we have implemented significant regulatory and technological advancements that support both issuers and investors. These include simplified listing processes for international companies, more efficient mechanisms to boost market liquidity and continued enhancements to market infrastructure, ensuring alignment with global best practices.

The rapid growth in investor activity, particularly from foreign institutional investors, highlights the expanding global appeal of the Saudi capital market. These developments further solidify Saudi Tadawul Group’s role as a leading financial hub, facilitating greater international capital flows and reinforcing our contribution to the Kingdom’s economic transformation.

A Global Financial Center on the Rise

Saudi Arabia’s transformation into a global financial center has continued to accelerate, with strategic milestones reinforcing our position as a bridge between global capital markets. Through targeted international engagements and cross-border partnerships, we are deepening Saudi Arabia’s integration into the global financial ecosystem, fostering new investment flows, and enhancing market accessibility.

A key highlight of this progress has been the expansion of the Capital Markets Forum (CMF) into a truly international platform. The third edition in Riyadh demonstrated its growing impact, and we successfully extended its reach with the inaugural CMF Hong Kong and the CMF London. These events served as pivotal opportunities to engage with global investors, issuers and policymakers, further strengthening the Kingdom’s role as a premier investment destination.

Additionally, our expanding suite of investment products, including exchange-traded funds (ETFs), has provided greater international market connectivity. By enabling access to Hong Kong-listed stocks and facilitating cross-border investment opportunities, we continue to enhance the depth and competitiveness of the Saudi capital market. These achievements reflect our commitment to driving global collaboration and supporting the Kingdom’s vision of becoming a leading financial hub, attracting investors and capital from around the world.

Leading Practices in Women’s Empowerment and Sustainability

This year, we marked a significant milestone in our commitment to inclusion and gender diversity with the appointment of Hanan Al Shehri as CEO of Edaa, making her the first female CEO of the Group subsidiary. Her leadership reflects our dedication to empowering women in the workplace, demonstrated by the fact that 11% of our senior leadership positions are now held by women; an achievement we take pride in and remain committed to further advancing.

In parallel, sustainability remains a core priority in our corporate strategy, as we continue to integrate environmental, social and governance (ESG) principles across all aspects of our operations, reinforcing Saudi Arabia’s position as a globally competitive capital market. In this regard, we have taken significant steps to embed sustainability at both the Group and market level, culminating in the publication of our first Sustainability Report in 2023.

As part of our commitment to environmental responsibility and alignment with national sustainability objectives, we are integrating our efforts with the Saudi Green Initiative by developing sustainable financial solutions, promoting enhanced environmental disclosures for listed companies and supporting investments that accelerate the transition to a low-carbon economy. This commitment is further reflected in our ongoing efforts to equip issuers and investors with the tools, frameworks and reporting standards needed to adopt responsible investment practices, ensuring adherence to the highest levels of transparency and disclosure.

With the guidance and support of our Board of Directors, we will continue implementing our sustainability strategy, which is anchored in best-in-class ESG practices, market integrity, and promoting sustainable investment, in alignment with the “Saudi Green Initiative”.

Looking Forward with Ambition and Confidence

In 2025, we will drive continued growth across all our markets and introduce innovative products and services that cement our reputation as one of the world’s most influential and dynamic capital market groups.

I extend my deepest gratitude to 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, for their steadfast belief in our vision and their unwavering support of the Kingdom’s Vision 2030. I also express my sincere appreciation to our Board of Directors for their leadership and guidance throughout a year filled with opportunity and achievement.

My heartfelt thanks go to our Executive Management team and the talented individuals across the Group and its subsidiaries. Their exceptional efforts and innovative spirit have been pivotal to our growth and value creation. Lastly, to our Shareholders, issuers, investors, brokers, custodians and partners, your continued support and trust are foundational to our success and inspire us as we advance toward our ambitions.