Saudi Tadawul Group is a holding group and the parent company of four subsidiaries. It aims to advance the Saudi Exchange , as part of its mandate towards achieving the objectives of the Financial Sector Development Program and its endeavors towards creating a financial sector that supports and achieves Saudi Vision 2030.
Saudi Tadawul Group was established in 2021 following the transformation of the Saudi Stock Exchange (Tadawul) into a Holding Group structure. It is the parent company with a portfolio of four subsidiaries. The first is Saudi Tadawul (stock market), a dedicated stock exchange business in the Kingdom of Saudi Arabia and the official source of market information. The second subsidiary is the Securities Clearing Center Company (Muqassa), which works to reduce post-trade risk by introducing new mechanisms to guarantee the settlement of trades. The third is the Securities Depository Center (EDAA), one of the subsidiaries responsible for registering the ownership of securities in the Saudi Exchange. The fourth is Wamid, the applied technology services business and innovation arm of Saudi Tadawul Group, which is focused on helping market players solve real-world challenges.
Integration of Saudi Tadawul Holding Group companies
The Saudi Tadawul Holding Group benefits from the integration between its subsidiaries, ensuring efficient operations and the independence of each subsidiary. This facilitates the introduction of best-in-class services to all market participants, diversification of investment opportunities, and the continued development of the Saudi Exchange.
Objectives of Saudi Tadawul Holding Group
The Saudi Tadawul Holding Group aims to advance the Saudi Exchange’s infrastructure while solidifying the Kingdom's position as an emerging market leader among its peers. Moreover, the group looks to support the successful delivery of the objectives of the Financial Sector Development Program and Saudi Vision 2030, to boost economic growth and diversify the economy of the Kingdom.
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