Adel Al-Ghamdi

The Saudi Stock Exchange (Tadawul) Announces Its Transformation into A Holding Company (Saudi Tadawul Group) In Preparation for IPO

Retrieved on: 
Wednesday, April 7, 2021

Khalid Al-Hussan to be appointed as the Group's Chief Executive Officer

Key Points: 
  • Khalid Al-Hussan to be appointed as the Group's Chief Executive Officer
    The Saudi Stock Exchange (Tadawul) today announced its transformation into a holding group structure and reinforcing its capabilities in technology innovation by launching a dedicated applied technology solutions company, Wamid.
  • This transformation marks a new chapter in the Group's history and signals its readiness for the IPO in 2021.
  • Tadawul announced the launch of a holding company, the Saudi Tadawul Group, which will become the parent company with a portfolio of four subsidiaries: the Saudi Exchange, a dedicated stock exchange business (previously known as the Saudi Stock Exchange Company - Tadawul), the Securities Clearing Center Company (Muqassa), the Securities Depository Center Company (Edaa) and Wamid a new innovative applied technology services business, focused on providing innovation and nascent technologies within the Saudi economy through pragmatic innovation.
  • It will increase the Saudi capital market's attractiveness among global investors and reinforce its position as the issuers' exchange of choice.

The Saudi Stock Exchange (Tadawul) Announces Its Transformation into A Holding Company (Saudi Tadawul Group) In Preparation for IPO

Retrieved on: 
Wednesday, April 7, 2021

Khalid Al-Hussan to be appointed as the Group's Chief Executive Officer

Key Points: 
  • Khalid Al-Hussan to be appointed as the Group's Chief Executive Officer
    The Saudi Stock Exchange (Tadawul) today announced its transformation into a holding group structure and reinforcing its capabilities in technology innovation by launching a dedicated applied technology solutions company, Wamid.
  • This transformation marks a new chapter in the Group's history and signals its readiness for the IPO in 2021.
  • Tadawul announced the launch of a holding company, the Saudi Tadawul Group, which will become the parent company with a portfolio of four subsidiaries: the Saudi Exchange, a dedicated stock exchange business (previously known as the Saudi Stock Exchange Company - Tadawul), the Securities Clearing Center Company (Muqassa), the Securities Depository Center Company (Edaa) and Wamid a new innovative applied technology services business, focused on providing innovation and nascent technologies within the Saudi economy through pragmatic innovation.
  • It will increase the Saudi capital market's attractiveness among global investors and reinforce its position as the issuers' exchange of choice.

Tadawul Completes MSCI Emerging Market Index Inclusion

Retrieved on: 
Thursday, August 29, 2019

RIYADH, Saudi Arabia, Aug. 29, 2019 /PRNewswire/ --The Saudi Stock Exchange (Tadawul) today has completed Saudi Arabia's full inclusion into the MSCI Emerging Markets Index with the successful implementation of the second and final tranche of index inclusion, which brings the Kingdom's weighting to 2.8% of the index's total market capitalization.

Key Points: 
  • RIYADH, Saudi Arabia, Aug. 29, 2019 /PRNewswire/ --The Saudi Stock Exchange (Tadawul) today has completed Saudi Arabia's full inclusion into the MSCI Emerging Markets Index with the successful implementation of the second and final tranche of index inclusion, which brings the Kingdom's weighting to 2.8% of the index's total market capitalization.
  • Khalid Al Hussan, Chief Executive Officer of Tadawul said: "Full inclusion in the MSCI Emerging Market Index represents an important milestone in advancing the Saudi capital market and further opening Tadawul to international investors, in accordance with the goals of the Financial Sector Development Program (FSDP) and Vision 2030."
  • He added: "Execution of index inclusion has been smooth and flawless, reflecting the success of the many market enhancements implemented by Tadawul to strengthen market infrastructure and align its regulatory and market frameworks with international best practices.
  • MSCI added Saudi Arabia to its Watch List in June 2017 and the Kingdom was upgraded from Standalone Market to Emerging Market in June 2018, marking the fastest progression from Watch List to Emerging Market status of any market in the history of the index.

Tadawul Completes MSCI Emerging Market Index Inclusion

Retrieved on: 
Thursday, August 29, 2019

RIYADH, Saudi Arabia, Aug. 29, 2019 /PRNewswire/ --The Saudi Stock Exchange (Tadawul) today has completed Saudi Arabia's full inclusion into the MSCI Emerging Markets Index with the successful implementation of the second and final tranche of index inclusion, which brings the Kingdom's weighting to 2.8% of the index's total market capitalization.

Key Points: 
  • RIYADH, Saudi Arabia, Aug. 29, 2019 /PRNewswire/ --The Saudi Stock Exchange (Tadawul) today has completed Saudi Arabia's full inclusion into the MSCI Emerging Markets Index with the successful implementation of the second and final tranche of index inclusion, which brings the Kingdom's weighting to 2.8% of the index's total market capitalization.
  • Khalid Al Hussan, Chief Executive Officer of Tadawul said: "Full inclusion in the MSCI Emerging Market Index represents an important milestone in advancing the Saudi capital market and further opening Tadawul to international investors, in accordance with the goals of the Financial Sector Development Program (FSDP) and Vision 2030."
  • He added: "Execution of index inclusion has been smooth and flawless, reflecting the success of the many market enhancements implemented by Tadawul to strengthen market infrastructure and align its regulatory and market frameworks with international best practices.
  • MSCI added Saudi Arabia to its Watch List in June 2017 and the Kingdom was upgraded from Standalone Market to Emerging Market in June 2018, marking the fastest progression from Watch List to Emerging Market status of any market in the history of the index.

Tadawul Announces the Establishment of Central Counterparty (CCP) Company to Develop Future Clearing Services and Guarantee Settlement of Trades

Retrieved on: 
Wednesday, February 27, 2019

RIYADH, Saudi Arabia, Feb. 27, 2019 /PRNewswire/ -- The Saudi Stock Exchange (Tadawul) announced today the establishment of the Central Counterparty Clearing House ("CCP") for clearing of securities in the Saudi capital market as a closed joint stock company with a capital of (SAR 600,000,000).

Key Points: 
  • RIYADH, Saudi Arabia, Feb. 27, 2019 /PRNewswire/ -- The Saudi Stock Exchange (Tadawul) announced today the establishment of the Central Counterparty Clearing House ("CCP") for clearing of securities in the Saudi capital market as a closed joint stock company with a capital of (SAR 600,000,000).
  • The CCP will be responsible for developing future clearing in accordance with the best international risk management practices and standards.
  • This will further strengthen the current market infrastructure, reduce systemic risk and increase market efficiency.
  • The Saudi Stock Exchange (Tadawul) is the sole entity authorized in the Kingdom of Saudi Arabia to act as the kingdom's securities exchange (the Exchange), listing and trading in securities.

The Saudi Stock Exchange (Tadawul) Launches Derivatives Market In The First Half Of 2019

Retrieved on: 
Tuesday, September 4, 2018

RIYADH, Saudi Arabia, Sept. 4, 2018 /PRNewswire/ --The Saudi Stock Exchange (Tadawul) will introduce exchange-traded derivatives in the first half of 2019.

Key Points: 
  • RIYADH, Saudi Arabia, Sept. 4, 2018 /PRNewswire/ --The Saudi Stock Exchange (Tadawul) will introduce exchange-traded derivatives in the first half of 2019.
  • Saudi Arabia's inclusion into the major emerging markets indices further validates the need for this market.
  • Saudi Stock Exchange (Tadawul) is the sole entity authorized in the Kingdom of Saudi Arabia to act as the kingdom's securities exchange (the Exchange), listing and trading in securities.
  • The Exchange is the 8th largest stock market amongst its emerging market peers.

The Saudi Stock Exchange (Tadawul) Launches Derivatives Market In The First Half Of 2019

Retrieved on: 
Tuesday, September 4, 2018

RIYADH, Saudi Arabia, Sept. 4, 2018 /PRNewswire/ --The Saudi Stock Exchange (Tadawul) will introduce exchange-traded derivatives in the first half of 2019.

Key Points: 
  • RIYADH, Saudi Arabia, Sept. 4, 2018 /PRNewswire/ --The Saudi Stock Exchange (Tadawul) will introduce exchange-traded derivatives in the first half of 2019.
  • Saudi Arabia's inclusion into the major emerging markets indices further validates the need for this market.
  • Saudi Stock Exchange (Tadawul) is the sole entity authorized in the Kingdom of Saudi Arabia to act as the kingdom's securities exchange (the Exchange), listing and trading in securities.
  • The Exchange is the 8th largest stock market amongst its emerging market peers.

Tadawul CEO Khalid Al Hussan to Speak at 2018 Euromoney Saudi Arabia Conference

Retrieved on: 
Thursday, April 26, 2018

Tadawul, the Saudi Stock Exchange, announced today that Chief Executive Officer Khalid Al Hussan will speak at the Euromoney Saudi Arabia Conference, taking place in Riyadh from May 2-3, 2018.

Key Points: 
  • Tadawul, the Saudi Stock Exchange, announced today that Chief Executive Officer Khalid Al Hussan will speak at the Euromoney Saudi Arabia Conference, taking place in Riyadh from May 2-3, 2018.
  • Khalid will participate in a keynote interview on May 2, 2018 from 11:35- 11:55 a.m. AST.
  • About the Euromoney Saudi Arabia Conference:
    Euromoney's Saudi Arabia Conference, in partnership with the Saudi Ministry of Finance, convenes leading business executives, academics, and government officials to explain the latest trends in the Saudi Capital Market and answer key questions surrounding economic development in the Kingdom.
  • The Euromoney Saudi Arabia Conference is supported by Tadawul and the Saudi Capital Market Authority.