Saudi Exchange hits milestone of 400 listed securities – Gulf Today

Saudi Exchange hits milestone of 400 listed securities – Gulf Today

Traders work at the Saudi Stocks Exchange in Riyadh.

Gulf Today, Staff Reporter

The Saudi Exchange has welcomed its 400th listing across all securities. This achievement highlights the Exchange’s pivotal role in the Kingdom’s economy, underpinned by robust international investor interest and a diverse range of securities within a highly dynamic market landscape.

Since its establishment 16 years ago, the Saudi Exchange has quickly grown to become one of the top ten largest in the world, the third largest amongst emerging market peers, and the largest exchange in the MENA region.

The Saudi Exchange also consistently ranks in the top ten exchanges globally for IPO proceeds and accounted for over 70% of GCC IPOs in 2023. With a substantial SAR 11.9 billion ($3.2 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. In 2023, furthermore, the Tadawul All Share Index grew by 14.2%, outpacing the 9.8% growth of the benchmark MSCI Emerging Market Index.

With a commitment to offering a broad spectrum of financial instruments, the Saudi Exchange has successfully cultivated a diverse