Saudi Exchange Celebrates 400th Listing Milestone
Breaking news from Riyadh – Saudi Exchange has hit a major milestone with its 400th listing, solidifying its position as a key player in the capital market.
With 216 securities on the Tadawul All Share Index and 83 listings on the Nomu parallel market as of March 27, the exchange is on a roll.
But wait, there’s more – 71 sukuk and bonds, 19 real estate investment trusts, nine exchange-traded funds, and two closed-end funds round out the impressive lineup.
In a bold press statement, Tadawul emphasized the crucial role the exchange plays in boosting the Kingdom’s economy, attracting interest from international investors.
Nasser Al-Ajaji, the listing chief at Saudi Exchange, declared, “This 400th listing is a game-changer, a testament to Saudi Arabia’s vibrant capital market and its allure for global investors.”
Since its inception 16 years ago, Tadawul has skyrocketed to the top ten largest exchanges worldwide and the biggest in the Middle East and North Africa region.
Al-Ajaji went on to say, “These milestones are more than just numbers; they represent the economic growth fueled by Vision 2030, the Financial Sector Development Program, and the CMA’s support to fast-track IPOs. The potential is limitless.”
According to reports, Tadawul consistently ranks among the top 10 exchanges globally for IPO proceeds, dominating over 70 percent of IPOs in the Gulf Cooperation Council region in 2023.
Last year alone, Nomu saw 27 IPOs while TASI had 8 deals, raising a whopping SR11.9 billion through IPOs on the main market.
Tadawul proudly stated, “With a 14.2 percent growth in the Tadawul All Share Index in 2023, surpassing the MSCI Emerging Market Index, the Saudi Exchange is clearly a force to be reckoned with.”