Tadawul celebrates 400th listing across all securities

Tadawul celebrates 400th listing across all securities

Riyadh – Mubasher: The Saudi Exchange (Tadawul) has announced the 400th listing across all securities marking a 16-year history of success.

Listed securities in Tadawul included 216 listed on the main market, 83 on the Nomu – Parallel Market, 71 sukuk and bonds, 19 Real estate investment trusts (REITs), 9 exchange-traded funds (ETF), and 2 closed-end funds (CEFs), according to a press release.

Tadawul accounted for over 70% of initial public offerings (IPOs) in the GCC region in 2023 when investors raised SAR 11.9 billion ($3.2 billion) through IPOs on the main market only.

In 2023, the Tadawul All Share Index (TASI) jumped 14.2%, surpassing the 9.8% growth of the benchmark MSCI Emerging Market Index.

Nasser Al Ajaji, Chief of Listing at Tadawul, 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.”

“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 to accelerate the IPO pipeline. All of this reflects the potential we are poised to realize,” Al