ABOUT TADAWUL
Shaping the Contours of a new era
Ranking among the top 10 largest exchanges in the world in terms of market capitalization, Tadawul has taken a step to the next level in its evolution.
Where we stand
Tadawul now ranks among the top 10 largest exchanges globally in terms of market capitalization [USD Tn]
Tadawul accounts for 76% of the market capitalization in the Middle East and North Africa (MENA) region.
ERA-DEFINING MOMENTS
New listings
The largest IPO in history
Five other listings with a total market capitalization of around
SAR 0 Bn
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Total number of
listed companies reached 0
CHAIRPERSON'S MESSAGE
THE MAKING
OF AN EPOCH
Building on what we had achieved in preceding years, in 2019 we transformed ourselves and entered the ranks of another tier of global stock exchanges.
2019 was a year to remember – a year in which we made a quantum leap. Two global indices included us in their emerging market lists, a feat we achieved after being on watch lists for only a year. The Aramco listing at the close of the year brought us within the ranks of the leading exchanges globally, with a near five-fold growth in market capitalization.
Tadawul has now acquired more international visibility and is seeking to expand its activities regionally and worldwide. We do not adopt a short-term insular approach. Tadawul does not confine its strategies to those which will lead to immediate economic and financial outcomes. Tadawul has positioned itself as an innovator and not a follower. We seek to break boundaries and look for new opportunities.
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THE GROWTH OF OUR MARKET
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CHIEF EXECUTIVE OFFICER’S MESSAGE
TRANSCENDING BOUNDARIES
It was a year of great achievement in markets and technology as well as in people development.
Tadawul recorded many extraordinary and multi-faceted achievements. The Exchange dramatically elevated its standing in the global stock market landscape. This not only bolstered our brand image in the global investor community, but was also a great achievement for the Kingdom as a whole, and one which our citizens could take pride in.
As the year drew to a close, two years of onerous preparatory work brought us to the watershed moment – the listing of Aramco. The listing turned out to be the largest IPO in history.
Two global indices, MSCI and S&P, completed the process of including Tadawul in their emerging market indices. A third, FTSE, is expected to finalise our inclusion in H1 2020. This was instrumental in quadrupling the Qualified Foreign Investors from 500 to 1800.
Net profit increased by 3.4% to
SAR 0 Mn
(SAR 148.2 Mn in 2018)
Earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 13.7% to
SAR 0 Mn
(SAR 179.9 Mn in 2018)
Our financial results have to be interpreted in the context of the heavy expenses incurred in technology and people due to the Aramco listing – an investment for the future. The developments in 2019 will set the stage for further improvements in 2020, such as Muqassa, the clearing subsidiary, becoming fully operational, the introduction of derivatives, the MT30 Index Futures, stock futures, and options.
OUR FINANCIAL PERFORMANCE