Year in Review

Saudi Tadawul Group advanced its vision through groundbreaking initiatives, global partnerships and technological innovation throughout the year, driving the Saudi capital market's growth and alignment with the Kingdom’s ambitious Vision 2030 while strengthening its position as a leading global financial hub.
January
  • The Saudi Exchange launched the TASI 50 Index, offering both local and foreign investors broader access to a wide range of investment opportunities in Saudi Arabia’s dynamic capital market.
February

  • Saudi Tadawul Group hosted the third edition of the Capital Markets Forum in Riyadh, bringing together financial sector leaders to foster collaboration and advance capital markets in line with the Kingdom’s strategic vision.

  • Saudi Tadawul Group and Bahrain Bourse signed a landmark cooperation agreement to strengthen the integration between the 2 financial entities. The agreement focuses on developing infrastructure to enhance connectivity and boost liquidity across both markets.

  • Edaa contributed to the launch of Saudi Arabia’s first government-backed Saving Sukuk product for individuals, initiated by the Ministry of Finance and the National Debt Management Center (NDMC).

  • WAMID expanded its co-location service, offering market participants the opportunity to co-locate their servers and equipment within the Group’s Tier IV Data Center. This expansion provides the fastest access to the Saudi Exchange, ensuring the lowest latency route possible and enhancing the infrastructure of the Saudi capital market.

March

  • Saudi Tadawul Group signed an MoU with Prince Mohammed bin Salman College of Business & Entrepreneurship (MBSC) to strengthen collaboration in multiple development areas.

  • Saudi Tadawul Group was recognized as one of Saudi Arabia’s 50 most socially responsible businesses by Forbes Middle East and the National Center for Responsibility and Studies.

  • Edaa signed an MoU for a strategic partnership with Ebana to develop digital solutions and explore potential collaboration areas to strengthen the capital market.

April

  • The Saudi Exchange celebrated its 400th listed security, a significant milestone in its mission to diversify and strengthen the Saudi capital market.

  • Muqassa became the first Saudi Arabian member of the International Swaps and Derivatives Association (ISDA), demonstrating its ongoing commitment to aligning risk management processes and settlements with international best practices.

May

  • Saudi Tadawul Group signed an MoU with the Johannesburg Stock Exchange aimed at driving growth and connecting global capital markets.

  • Saudi Tadawul Group launched the first international edition of the Capital Markets Forum in Hong Kong, in collaboration with Hong Kong Exchanges.

  • Saudi Tadawul Group and Sahm Capital launched the “Invest Wisely” Program, providing participants with a virtual platform to experience realistic stock market stimulations.

  • Muqassa achieved compliance with the Principles for Financial Market Infrastructures, as assessed by Thomas Murray in the CPMI-IOSCO self-assessment, reflecting its adherence to global best practices across cash and derivatives markets, as well as the Repurchase Agreement (Repo) market.

June
  • Saudi Tadawul Group completed the acquisition of a 32.6% stake in DME Holdings, the parent company of Dubai Mercantile Exchange (DME), which was then rebranded to become Gulf Mercantile Exchange (GME).
August
  • Saudi Tadawul Group signed an MoU with the Children with Disability Association to support the association in its work to empower children with disabilities in the Kingdom.
September
  • Saudi Tadawul Group signed an MoU with the Qatar Stock Exchange to strengthen collaboration and drive growth across key areas of the Saudi financial market.
October
  • Edaa signed an MoU with The General Authority of Awqaf to foster collaboration, combining efforts to drive innovation and achieve shared objectives.
November

  • Saudi Tadawul Group launched the “STG Green Initiative”, demonstrating its commitment to environmental stewardship and alignment with the Kingdom’s ambitious Vision 2030.

  • Saudi Tadawul Group successfully implemented the second bundle of its Post-Trade Transformation Program’s enhancements across its subsidiaries, including Saudi Exchange, Edaa and Muqassa.

  • Saudi Tadawul Group strengthened Saudi Arabia’s financial prominence by listing Asia’s first and the world’s largest Saudi-focused ETF on the Hong Kong Stock Exchange, alongside strong debuts of 2 Saudi ETFs in Shanghai and Shenzhen.

December

  • Saudi Tadawul Group received 1st and 2nd place for its 2023 Annual Report in the digital and print categories respectively at the MEIRA IR Awards.

  • Saudi Tadawul Group won the Human Resources Development Fund ‘Silver Excellence Award’ for the second time, underscoring its commitment to developing a highly skilled Saudi workforce.