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  • Saudi’s Tadawul market capitalization reaches $2,888bln at end of nine months 2022

    At the end of The 1st Nine months 2022 Tadawul All Share Index (TASI) closed at 11,405.32 points, decreased by 90.44 points 0.79% over the close of the previous year. Highest close level for the index during the period was 13,820.35 points on 08/05/2022. Total equity market capitalization at the end of the 1st Nine Months 2022 reached SAR 10,832.85 billion (US$ 2,888.76 billion), increasing by 7.56% over the close of the previous year.

  • Saudi Arabia’s Marafiq to list shares on Tadawul amid regional IPO boom

    Saudi Arabia-based Power and Water Utility Company for Jubail and Yanbu is pushing ahead with plans to list its shares on the Tadawul stock exchange amid continued initial public offering momentum in the region's equity markets. The utility, known as Marafiq, received the regulatory approval for the public float on September 26, and plans to list 30 per cent of its share capital, or 73,094,500 ordinary shares, it said in a statement on Sunday. The state-backed entity counts the kingdom’s sovereign investment fund the Public Investment Fund, the Royal Commission for Jubail and Yanbu, Saudi Aramco’s subsidiary Aramco Power Company and the Saudi Basic Industries Corporation (Sabic) among its shareholders, each with a 24.81 per cent stake.

  • Saudi Tadawul Group reports 24% decline in profit on higher expenses

    Saudi Tadawul Group (1111.SE), the bourse's owner and operator, on Sunday reported an almost 24% decline in second-quarter profit as expenses, including salaries, rose. Net profit in the quarter ended June 30 fell to 137.7 million riyals ($36.68 million) from a 181.1 million riyals in the year-earlier period.

  • Saudi Arabia’s stock exchange Tadawul to launch first Islamic index

    Its first Shariah compliant Index, TASI will track the performance of the Shariah compliant companies listed on the exchange under the supervision of an independent Shariah advisory committee

  • Explainer: Single stock futures trading on Saudi Tadawul

    Trading on Tadawul's single stock futures (SSFs) goes live on Monday for the largest and most liquid publicly listed companies. The first tranche includes Al Rajhi Bank, Saudi Aramco, Saudi National Bank, Alinma Bank, Saudi Basic Industries Corp., Saudi Telecom Co., Saudi Kayan Petrochemical Co., Saudi Electricity Co., Almarai Co. and Saudi Arabian Mining Co.

  • Tadawul Index: Saudi Arabia Stocks Head for Worst Month Since Start of Pandemic

    Stocks listed in Saudi Arabia are poised for their worst month since the start of the pandemic as investors succumb to global risk-off sentiment amid recession fears. The benchmark Tadawul All Share Index declined 8.3% in May, lagging the MSCI Emerging Markets gauge, and is on track for its biggest monthly slide since March 2020. Banks accounted for the biggest drag as investors offloaded lenders with lofty valuations during a global equities correction.

  • Saudi Arabia’s Tadawul exchange forms a Shariah advisory committee

    Saudi Exchange said it will form a Shariah advisory committee as part of efforts to maintain the highest standards of governance over investment tools that it will provide. The committee comprises representatives from the largest financial institutions in the kingdom. To ensure transparency in decision making, the Saudi Exchange will oversee the Shariah advisory committee without actively taking part in the company screening and selection process, the bourse said in a statement on Thursday.

  • Foreign investment in Saudi Arabia’s Tadawul surges to $93bn

    Ownership of non-institutional foreign investors, including swap holders, residents, and qualified foreign investors, increased to 10.03 percent, compared to 9.87 percent a week earlier, according to Argaam statistics. At a regional level, Gulf Cooperation Council ownership in the Saudi market went up to 1.8 percent during the week, representing SR62.3 billion.

  • Tadawul Index: Saudi Arabia Stocks Attracting Bulls on Higher Oil Price, Rates

    Up 22% this year in dollar terms, the benchmark Tadawul All Share Index is the sixth best-performing gauge globally in 2022. Rich in banks and energy stocks, the gauge has been supported by soaring oil prices and rising interest rates.

  • Saudi Tadawul group completes enhancements to develop post trade infrastructure

    Saudi Tadawul Group announced on Thursday the successful implementation of the post trade services infrastructure enhancements through its subsidiaries Saudi Exchange, Securities Clearing Center “Muqassa”, and Securities Depository Center “Edaa”. The group said that all new systems are active and working properly as planned.