Tadawul completes phase 2 of post-trade infrastructure enhancements

Logo of Saudi Tadawul Group Holding Co. (Tadawul Group)

Saudi Tadawul Group Holding Co. (Tadawul Group) announced the successful rollout of the second phase of its post-trade infrastructure enhancements, executed through subsidiaries the Saudi Exchange (Tadawul), the Securities Depository Center (Edaa), and the Securities Clearing Center Co. (Muqassa).

According to a company statement, the second phase builds on the initial improvements launched in 2022, marking the largest initiative of its kind in the history of the Saudi capital market.

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These upgrades aim to expand investment opportunities, streamline access to a broader range of financial instruments, and facilitate local and international investor participation in new asset classes.

The move is part of Tadawul Group's strategy to strengthen the Saudi capital market and solidify its position as a premier global investment hub. It also aligns with the Vision 2030’s Financial Sector Development Program.

In March 2022, Tadawul Group announced its plan to implement these upgrades, focusing on enhancing post-trade infrastructure, improving efficiency, bolstering the local trading environment, and enriching the overall experience for market players.

Additionally, they enable market participants to deliver a wide range of securities services.

Notably, the implementation of these upgrades began on April 3, 2022, expanding Muqassa’s services to cover all asset classes traded in the Saudi capital market.