The Saudi Tadawul Group Holding Company was established in April of 2021 to integrate the financial market, capitalize on the rapid growth witnessed by emerging markets, enhance the market’s competitiveness, and expand the scope of financial market innovation.
The Group is the parent company and the whole owner of the subsidiaries – the Saudi Exchange, one of the largest capital markets in the world in terms of market capitalization; The Securities Depository Center Company (Edaa), the Securities Clearing Center Company (Muqassa) and Tadawul Advanced Solutions Company (WAMID), the recently launched company – the innovation arm of Saudi Tadawul Group.
The Group’s integrated business model shape what comes next in terms of capital market development, serving as the bridge connecting global investors and regional economies, and provides a strong platform and opportunity for investors to access the Saudi economy.
The Group structure is part of a series of enhancements which have been focused on developing the capital market and attracting foreign investments. Thereby the Group is also increasing its contribution to the economy in terms of non-oil based revenue, which is a key goal of Vision 2030.
The Financial Sector Development Program (FSDP), is a delivery programme which supports the execution of Vision 2030. Three of the strategic objectives of FSDP are enabling financial institutions to support private sector growth, ensuring the formation of an advanced capital market and promoting and enabling financial planning. The Group is closely aligned with all objectives. These objectives in turn contribute to the Vision 2030 goal of diversification of the economy.
The formation of the Group will facilitate smooth operational integration and synergies between the subsidiaries. This will increase efficiency across the Group and will strengthen the ability of the Group to position itself as a regional and global capital market service provider. The Group will provide best-in-class services to all market participants and enable the diversification of investment opportunities. Saudi Tadawul Group will act as a bridge between international investors and regional economies.
To be a world leading holding group fostering the development of a diverse Saudi capital market, and a bridge between global investors and regional economies.
As part of its 2030 Vision, Saudi Tadawul Group is helping the Kingdom build a thriving economy with a technologically advanced and integrated capital market at its centre.
While all the subsidiaries have considerable independency, they all function under the direction and oversight of the Holding Company. The new structure below gives more focus to the subsidiaries while facilitating synergies.
The Saudi Exchange has become a dedicated stock exchange; its former subsidiaries, Edaa and Muqassa, are placed directly under the Holding Company. A new addition to the Group, Tadawul Advanced Solutions Company (WAMID), is a newly created subsidiary focused on solutions and pioneering technologies.
