Tadawul to become regional hub for listings, says Chairperson

02/07/2019 Argaam

 

The Saudi Stock Exchange (Tadawul) is considered as a global investment hub, said Chairperson Sarah Al Suhaimi in Tadawul annual report for 2018.

 

She added that the stock market strives to become a regional hub for listings, in the lead up to achieving a breakthrough in global markets.

 

Al Suhaimi also stated that Tadawul’s robust liquidity helped luring more investments.

 

“Tadawul is currently the largest stock market with the highest liquidity in the GCC and Mena region. It accounted for 53 percent of the total market value and 82 percent of the GCC markets’ total traded value in 2018,” Al Suhaimi noted.

 

Institutional investors own more than 70 percent of the market, which implies the market’s maturity, Al Suhaimi said.

 

She added that Tadawul has been working on implementing its five-year strategy that entails seven key fundamentals and several initiatives, noting that a significant progress was achieved in 2018.

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