Our strategy is crafted within the overarching national strategies of Vision 2030, the Financial Sector Development Program (FSDP) and the Capital Market Authority (CMA). Vision 2030 is the grand national strategy that aims to bring Saudi Arabia into the ranks of developed nations; culturally, educationally, socially, economically, and technologically. Vision 2030 has a framework of targets and Tadawul’s strategies are closely intertwined with several of them, the following in particular.
The FSDP is a plan which aims to create a vibrant financial sector that will serve as a key enabler in achieving the goals of Vision 2030. It is underpinned by the following three pillars.
- Developing an advanced capital market
- Enabling financial institutions to support private sector growth
- Promoting and enabling financial planning
Tadawul contributes to the first objective by facilitating the raising of capital by both Government and private sector institutions; creating efficient and transparent infrastructure to promote investment; diversifying and growing the investor base (including foreign investors); promoting new investment products; introducing incentives for unlisted companies to list; and minimizing risk by institutional arrangements such as establishing a clearing house.