Saudi’s Tadawul marks 400th listing across all securities

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The Saudi Exchange (Tadawul) has achieved a significant milestone, welcoming its 400th listed security across all categories.

This achievement boosted by strong international investor interest and a diversified range of tradable instruments highlights the exchange’s vital role in the kingdom’s economic development.

Tadawul among the top exchanges globally

Established only 16 years ago, Tadawul has climbed the ranks to become one of the world’s top ten stock exchanges.

It currently holds the third-largest position among emerging markets and reigns supreme in the MENA region.

The exchange boasts a consistent presence among the top ten globally when it comes to IPO proceeds. In 2023 alone, it listed over 70 per cent of all IPOs within the GCC (Gulf Cooperation Council) countries.

Tadawul facilitated a substantial SAR11.9bn ($3.2bn) raised through IPOs on the Main Market during 2023, making it a key contributor to the global IPO landscape.

Beyond listings, in 2023, the Tadawul All Share Index outperformed the benchmark MSCI Emerging Market Index, rising by 14.2 per cent compared to the latter’s 9.8 per cent growth.

Diversification is key

As of March 27, the exchange featured 216 securities on the Main Market, 83 on the Nomu (Parallel Market), 71 sukuk and bonds, 19 real estate investment trusts (REITs), nine exchange Traded Funds (ETFs), and 2 closed-end Funds (CEFs).

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Nasser Al Ajaji, chief of Listing at Tadawul, expressed his pride in reaching the 400th listing milestone. He emphasised how it reflects the dynamism of the kingdom’s capital market and its growing allure for global investors.

He highlighted the exchange’s remarkable growth within just 16 years and attributed this success to factors like Saudi Arabia’s Vision 2030 economic diversification plan, the Financial Sector Development Programme, and the Capital Market Authority’s (CMA) support in accelerating IPO activity.

Al Ajaji concluded by highlighting the vast potential that lies ahead and Tadawul’s dedication to continuously improve the kingdom’s capital market infrastructure, diversify its offerings, and create opportunities that align with Saudi Arabia’s economic ambitions.