Electronic Securities Information System

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
Economy of Saudi Arabia, Economic history of Saudi Arabia, Tadawul, Economies, Adel Al-Ghamdi, Electronic Securities Information System

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
Economy of Saudi Arabia, Economic history of Saudi Arabia, Tadawul, Economies, Adel Al-Ghamdi, Electronic Securities Information System

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.

Saudi Stock Exchange (Tadawul) Launches New Derivatives Market and Clearinghouse Leveraging Nasdaq Market Technology

Retrieved on: 
Sunday, August 30, 2020
Western Asia, Finance, Economy, World Federation of Exchanges, Tadawul, Saudi Arabia, Exchange, NASDAQ, Electronic Securities Information System, Nasdaq Nordic

RIYADH, Saudi Arabia and STOCKHOLM, Sweden, Aug. 30, 2020 (GLOBE NEWSWIRE) -- The Saudi Stock Exchange (Tadawul) announced today it has officially launched its first Derivatives Market and a clearinghouse, The Securities Clearing Centre Company (Muqassa) , both of which are running on Nasdaqs (Nasdaq: NDAQ) market technology .

Key Points: 
  • RIYADH, Saudi Arabia and STOCKHOLM, Sweden, Aug. 30, 2020 (GLOBE NEWSWIRE) -- The Saudi Stock Exchange (Tadawul) announced today it has officially launched its first Derivatives Market and a clearinghouse, The Securities Clearing Centre Company (Muqassa) , both of which are running on Nasdaqs (Nasdaq: NDAQ) market technology .
  • As the market infrastructure develops, Tadawul plans to roll out more derivatives products such as Single Stock Futures, Single Stock Options and Index Options.
  • Saudi Stock Exchange (Tadawul) is the authorized entity in the Kingdom of Saudi Arabia to act as the Kingdoms securities exchange (the Exchange), listing and trading in securities.
  • As of 2020 The Saudi stock market is the 9th largest stock market among the 67 members of the World Federation of Exchanges and is the dominant market in the Gulf Cooperation Council (GCC).

Tadawul Announces the Launch Date of the Saudi Derivatives Market and Index Futures

Retrieved on: 
Tuesday, July 14, 2020
Western Asia, Countries, Geography of Asia, Tadawul, Futures exchanges, Futures contract, Saudi Arabia, Korea Exchange, Electronic Securities Information System

RIYADH, Saudi Arabia, July 14, 2020 /PRNewswire/ -- The Saudi Stock Exchange (Tadawul) announced today that the launch of exchange-traded derivatives will be on 30 August 2020.

Key Points: 
  • RIYADH, Saudi Arabia, July 14, 2020 /PRNewswire/ -- The Saudi Stock Exchange (Tadawul) announced today that the launch of exchange-traded derivatives will be on 30 August 2020.
  • The first exchange-traded derivatives product is an index futures contract, the Saudi Futures 30 (SF30).
  • As the market develops, Tadawul has plans to roll out more derivatives products such as Single Stock Futures, Single Stock Options, and Index Options.
  • Initial constituents of the Index represent approximately 87% of total market capitalization of the wider Saudi Arabian market.

Tadawul Announces the Launch Date of the Saudi Derivatives Market and Index Futures

Retrieved on: 
Tuesday, July 14, 2020
Western Asia, Countries, Geography of Asia, Tadawul, Futures exchanges, Futures contract, Saudi Arabia, Korea Exchange, Electronic Securities Information System

RIYADH, Saudi Arabia, July 14, 2020 /PRNewswire/ -- The Saudi Stock Exchange (Tadawul) announced today that the launch of exchange-traded derivatives will be on 30 August 2020.

Key Points: 
  • RIYADH, Saudi Arabia, July 14, 2020 /PRNewswire/ -- The Saudi Stock Exchange (Tadawul) announced today that the launch of exchange-traded derivatives will be on 30 August 2020.
  • The first exchange-traded derivatives product is an index futures contract, the Saudi Futures 30 (SF30).
  • As the market develops, Tadawul has plans to roll out more derivatives products such as Single Stock Futures, Single Stock Options, and Index Options.
  • Initial constituents of the Index represent approximately 87% of total market capitalization of the wider Saudi Arabian market.

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
Economy, Financial markets, Finance, Money, Tadawul, Clearing house, Central counterparty clearing, Saudi Arabia, Clearing, Capital Markets Authority of Saudi Arabia, Electronic Securities Information System

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.
  • For more information on Tadawul, please visit www.tadawul.com.sa .

Saudi Stock Exchange Added To S&P DJI Indices

Retrieved on: 
Thursday, July 26, 2018
Middle East, Economy, CME Group, S&P Dow Jones Indices, Asia, Tadawul, DJI, Saudi Arabia, Stock market index, MSCI, Electronic Securities Information System, Capital Markets Authority of Saudi Arabia

RIYADH, Saudi Arabia, July 26, 2018 /PRNewswire/ --The Saudi Stock Exchange (Tadawul) is pleased to announce today that S&P Dow Jones Indices (S&P DJI), a leading provider of global equity indices, upgraded the Kingdom of Saudi Arabia to "Emerging Market" from its previous "Standalone Market" country classification.

Key Points: 
  • RIYADH, Saudi Arabia, July 26, 2018 /PRNewswire/ --The Saudi Stock Exchange (Tadawul) is pleased to announce today that S&P Dow Jones Indices (S&P DJI), a leading provider of global equity indices, upgraded the Kingdom of Saudi Arabia to "Emerging Market" from its previous "Standalone Market" country classification.
  • The move by S&P DJI follows the recent decisions by MSCI and FTSE Russell to add Saudi Arabia to their respective emerging market indices.
  • For more information on today's announcement from S&P DJI: S&P DJI Announcement
    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 7th largest stock market amongst its emerging market peers.