SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

Recent stories from sustg

MUST-READS

  • Saudi Tadawul Group Holding Company’s top owners are sovereign wealth funds with 60% stake, while 35% is held by individual investors

    A look at the shareholders of Saudi Tadawul Group Holding Company (TADAWUL:1111) can tell us which group is most powerful. And the group that holds the biggest piece of the pie are sovereign wealth funds with 60% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).

  • Tadawul Says Foreigners Missing Out on Saudi Arabia’s Peer-Beating Stock Returns

    The operator of Saudi Arabia’s stock exchange said foreign investors’ exposure to the bourse isn’t high enough, showing that they’re missing out on returns that have beaten most emerging-market peers. While flows have been positive for the the past five years, “the representation of foreign investors in the market is still, in my opinion, not at the level we would anticipate,” Khalid Al-Hussan, the chief executive officer of Saudi Tadawul Group Holding Co., told Bloomberg Television at the Saudi Capital Market Forum 2024.

  • Saudi Arabia’s Tadawul to buy 32.6% stake in Dubai Mercantile Exchange

    Stock exchange owner and operator Saudi Tadawul Group (1111.SE), opens new tab will buy a 32.6% stake in the parent company of Dubai Mercantile Exchange (DME) and become the Emirati trading platform's joint largest shareholder, it said on Thursday.
    Founded in 2007, DME lists the Oman crude oil futures contract, which is a physically settled contract serving as a Middle East benchmark used by the region's national oil companies as part of their export pricing formulas.

  • Saudi Arabia’s Tadawul launches index to track top 50 companies

    Saudi Arabia's Tadawul stock exchange has launched a new index that tracks the top 50 companies ranked by their market value on the Arab world’s biggest bourse.

    The TASI 50 index comprises companies that cover 90 per cent of Tadawul’s free float market cap with a minimum annual traded value ratio of 5 per cent, the bourse said in a statement on its website on Sunday.

    The ratio signifies the proportion of the total stock value traded annually, ensuring the companies included in the index are actively traded and not illiquid or rarely transacted.

  • Saudi Tadawul Group Reports 27.8% Drop In 2022 Profit

    The Saudi Tadawul Group reported a 27.8% decline in full-year net profit to $113.2 million (SAR 424.6 million) in 2022 compared to $156.7 million (SAR 587.7 million) a year earlier.

  • Saudi Tadawul Group Signs Deal To Implement ESG Framework In Capital Market

    The operator of the Saudi stock market, Saudi Tadawul Group, has signed a trilateral memorandum of understanding with the Ministry of Planning and Economy and the Capital Market Authority to help the group implement environmental, social and governance framework in the capital market.

  • The Saudi Tadawul Group signs Memorandum of Understanding with Boursa Kuwait

    Boursa Kuwait signed a memorandum of understanding (MoU) with the Saudi Tadawul Group that aims to continue to build on the partnership and form the basis of cooperation between the two stock exchange operators, The MoU, which was signed on the periphery of the GCC Stock Exchange Summit in Riyadh, aimed to explore collaboration opportunities in financial technology (fintech), products as well as developing sustainability and in the fields of Environmental, Social and Governance (ESG) reporting and implementation. Collaborations on organizing mutual events, Investor Relations initiatives as well as cross-listing of companies on both exchanges were also included as part of the MOU.

  • Saudi Arabia’s PIF reduces majority stake in Saudi Tadawul Group

    Saudi Arabia's Public Investment Fund has sold a 10% stake in stock exchange operator and owner Saudi Tadawul Group through a secondary share offering, raising 2.3 billion riyals ($612 million), it said in a statement on Sunday. The sovereign wealth fund with over $600 billion in assets said it sold 12 million shares through an accelerated bookbuild offering. The fund's remaining stake amounts to 72 million shares or 60% of the company, it said.

  • Saudi’s Tadawul market capitalization reaches $2,888bln at end of nine months 2022

    Total equity market capitalization at the end of the 1st Nine Months 2022 reached SAR 10,832.85 billion (US$ 2,888.76 billion), increasing by 7.56% over the close of the previous year. According to the Saudi Exchange Performance Report for First Nine Months 2022, the total value of shares traded for The 1st Nine Months reached SAR 1,400.88 billion (US$ 373.57 billion), decreasing by 21.57% over the previous year.

  • Saudi’s Tadawul market capitalization reaches $2,888bln at end of nine months 2022

    At the end of The 1st Nine months 2022 Tadawul All Share Index (TASI) closed at 11,405.32 points, decreased by 90.44 points 0.79% over the close of the previous year. Highest close level for the index during the period was 13,820.35 points on 08/05/2022. Total equity market capitalization at the end of the 1st Nine Months 2022 reached SAR 10,832.85 billion (US$ 2,888.76 billion), increasing by 7.56% over the close of the previous year.