Saudi Exchange

Saudi Exchange
Tadāwul
TypeStock exchange
LocationRiyadh, Saudi Arabia
Coordinates24°41′12.89″N 46°41′7.70″E / 24.6869139°N 46.6854722°E / 24.6869139; 46.6854722
Founded19 March 2007 (2007-03-19)
Key people
  • Khalid Abdullah Al-Hussan (Chairman)
  • Mohammed Sulaiman Al-Rumaih (CEO)
CurrencySAR
No. of listings233 (Feb 2024)[1]
Market capSAR 11 trillion (US$ 2.9 trillion) (Feb 2024)[2]
VolumeSAR 380.89 billion (US$ 102.84 billion) (1 July 2020)
IndicesTadawul All Share (TASI)
Websitesaudiexchange.sa

Saudi Exchange (Arabic: تداول السعودية‎) or Tadāwul (Arabic: تداول‎) is a stock exchange in Saudi Arabia. Tadāwul was formed in 2007 as a joint stock company and the sole entity authorized to act as a securities exchange in Saudi Arabia, but trading began in 1954 as an informal financial market. It continued as such with only 14 listed companies through the 1970s and began to acquire some formal status as the Saudi Company for Share Registration in 1980. It is regulated by the Capital Market Authority but has become partially self-regulating since 2018. It lists 239 publicly traded companies on the main market (as of 10 October 2024)[3]. As of 31 December 2020, its trading hours are 10:00AM to 3:10PM, Sunday to Thursday.[4][5]

On 26 February 2017, the Saudi Parallel Market (Nomu) was launched as a parallel equity market with lighter listing requirements to provide companies an alternative platform for the public listing.[6][7]

Tadāwul is completely owned by the Saudi Public Investment Fund.[8]

  1. ^ "هيئة السوق السعودية تستهدف زيادة عدد الشركات المدرجة لـ 270 شركة". Alarabiya (in Arabic). 30 May 2021. Archived from the original on 16 April 2022. Retrieved 11 January 2023.
  2. ^ "Monthly Report". www.saudiexchange.sa. Archived from the original on 11 January 2023. Retrieved 26 July 2020.
  3. ^ https://www.saudiexchange.sa/wps/portal/saudiexchange/home/!ut/p/z0/04_Sj9CPykssy0xPLMnMz0vMAfIjo8ziTR3NDIw8LAz83Z29TAwC_Rx9DSxdLY0MDAz1C7IdFQHxxULx/. {{cite web}}: Missing or empty |title= (help)
  4. ^ "Saudi Stock Exchange (Tadawul)". Archived from the original on 2 February 2020. Retrieved 6 April 2016.
  5. ^ "Saudi Stock Exchange (Tadawul) – Navigation Root". Archived from the original on 11 December 2019. Retrieved 29 July 2008.
  6. ^ "Al Rajhi Capital | NOMU – Parallel Market". www.alrajhi-capital.com. Archived from the original on 5 September 2019. Retrieved 5 September 2019.
  7. ^ "Factfile: What is the Saudi Nomu-Parallel Market?". english.alarabiya.net. Archived from the original on 5 September 2019. Retrieved 5 September 2019.
  8. ^ "Saudi PIF gains almost $3m from Tadawul Group's market debut". Arab News. 9 December 2021. Archived from the original on 11 January 2023. Retrieved 3 March 2022.