Tadawul, the Saudi Arabian stock exchange, is the stock exchange with the largest market capitalisation and the highest value of shares traded in the Middle East and North African (MENA) region. This year, the stock exchange broke new ground by publishing a comprehensive interactive online HTML version of the annual report which was released simultaneously with the printed version and its PDF counterpart.
The annual report focuses on a number of highlights that contributed towards making it a banner year for Tadawul. Three global benchmark indices, FTSE Russel, MSCI and S&P Dow Jones announced their intention to grant Tadawul emerging market status. Moreover, the number of qualified foreign investors more than quadrupled from around 100 at the start of 2018 to nearly 500 at the end of the year.
Tadawul is driven by a robust strategy, and the report is structured on these strategic pillars. The report also places in context Tadawul’s transition to a self-regulating organisation by taking over some functions from the Capital Markets Authority. The annual report takes a forward look at developments to come such as launching of derivatives and describes the MT30 joint index with MSCI which was launched in January 2019.