Saudi Arabia’s stock exchange marks 400th listing across all securities

Saudi Exchange has welcomed its 400th listing across all securities, underlining the growing prominence of the bourse in the capital market.

As of March 27, the exchange has 216 securities listed on the Tadawul All Share Index, with the parallel market Nomu featuring 83 listings.

Additionally, there are 71 sukuk and bonds, followed by 19 real estate investment trusts, nine exchange-traded funds, and two closed-end funds.

In a press statement, Tadawul highlighted that this achievement underscores the exchange’s pivotal role in bolstering the Kingdom’s economy, supported by strong international investor interest. Nasser Al-Ajaji, chief of listing at Saudi Exchange, said: “The 400th listed security on the Saudi Exchange marks a significant milestone and is a clear testament to the Kingdom’s dynamic capital market and its growing appeal to investors globally.”

He said that Tadawul has quickly grown to become one of the top 10 largest exchanges in the world and the largest in the Middle East and North Africa region since its establishment 16 years ago.

Al-Ajaji added: “These achievements are more than just a number; they are symbolic of the economic diversity and growth spurred by Saudi Arabia’s Vision 2030, the Financial Sector Development

Program, and the support of the CMA (Capital Market Authority) to accelerate the IPO (initial public offering) pipeline. All of this reflects the potential we are poised to realize.” According to the statement, Tadawul consistently ranks in the top 10 exchanges globally for IPO proceeds.

Moreover, it accounted for over 70 percent of IPOs in the Gulf Cooperation Council region in 2023, with 35 out of the 46 offerings happening in the Kingdom. Last year, Saudi Arabia’s parallel market Nomu witnessed 27 IPOs in 2023, while TASI saw 8 deals. “With a substantial SR11.9 billion raised through IPOs on the main market in 2023, the Saudi Exchange has firmly established itself as a significant contributor to the global IPO landscape, a key driver of its continued growth in scope and scale,” said Tadawul.

It added: “In 2023, furthermore, the Tadawul All Share Index grew by 14.2 percent, outpacing the 9.8 percent growth of the benchmark MSCI Emerging Market Index.”

The 400th listed security on the Saudi Exchange is a clear testament to the Kingdom’s dynamic capital market and its growing appeal to investors globally. Nasser Al-Ajaji