Saudi Tadawul Group: A Fortunate Position in the Kingdom’s Growing Industries
In an exclusive interview at the Capital Market Forum 2024 in Hong Kong, Nayef Al-Athel, the group’s chief sales and marketing officer, expressed the company’s strategic goal of attracting global investors through compelling success stories shared at international forums.
Al-Athel emphasized the dual nature of the group’s objectives, focusing on maximizing revenues as a listed company while capitalizing on the Kingdom’s thriving industries. He described the Kingdom’s momentum as “unbelievable” and highlighted the group’s advantageous position at the intersection of various emerging sectors in Saudi Arabia.
Highlighting the Kingdom’s attractiveness, Al-Athel noted Saudi Arabia’s role as a bridge between the East and West due to its geographic and time zone positioning. He emphasized the success of connecting East to West at the CMF Hong Kong, showcasing the group’s global influence.
As a top 10 stock exchange by market cap, Tadawul Group aims to maintain its position as a global capital market leader through increased IPOs and market transactions. The group’s focus on expansion into debt capital markets and derivatives reflects its commitment to diversifying offerings.
With 400 securities listed on Tadawul, Al-Athel highlighted the success stories of Saudi corporates, which have attracted international investors. The group’s participation in the first cross-border capital market event in Hong Kong underscores its commitment to showcasing Saudi Arabia’s investment opportunities.
Al-Athel concluded by acknowledging the capital market’s transformation, driven by the increasing institutional investment and a growing number of IPOs. The diverse investor base spanning Saudi Arabia, the region, and globally signals a healthy market environment with promising future prospects.