WAMID

Tadawul Advanced Solutions Company (WAMID)

WAMID was established to support the Saudi financial market through innovation, in line with the Kingdom’s ambitious Vision 2030. It is a leading company in creating new products and services, developing the latest technologies to provide value-added solutions to market participants and businesses, and helping them deal with real-world challenges by optimizing the use of modern technology and date capabilities. WAMID is also committed to grow the Saudi financial market, increasing acquisition operations and supporting initiatives to digitize products and services available in the market.

Ownership

100%

Owned by the Saudi Tadawul Group

Paid up share capital

% 75
million

Headquarters

Riyadh, Kingdom of
Saudi Arabia

Number of shares

30 million

(% 10 each)

Vision

WAMID is Saudi Tadawul Group’s technology innovation subsidiary targeting Saudi and regional capital markets, providing innovative services focusing on data and AI, market infrastructure and disruptive technologies.

Mission

To partner with capital market participants, and the wider business community, to build ambitious and dynamic solutions that leverage emerging technologies to address real-world challenges.

Delivering Growth while Laying a Solid Foundation for the Future

In 2024, WAMID achieved notable progress in advancing the capital market experience for all market participants by leveraging data and technology.

The introduction of colocation services improved the capabilities of authorized persons, increased liquidity in the market and provided advanced infrastructure to support trading efficiency. Additionally, DirectFN’s extensive market reach enabled WAMID to expand its offerings and strengthen support for international market players, further solidifying its position as a vital driver of market innovation.

The announcement of the acquisition of the remaining 49% stake in DirectFN marked a pivotal moment in WAMID’s growth strategy. This strategic move enhanced innovation in regional capital markets, diversified revenue streams and laid the groundwork for the development of new capabilities to drive the advancement of the capital market.

Key activities and services

  • Enhance the experience for investors in the Saudi capital market.
  • Create the technology infrastructure required for new products and services.
  • Build partnerships to drive innovation in Saudi Arabia and the region.