Saudi Stock Market Company

Saudi joint stock companies had their beginnings in the mid 1930's, when the "Arab Automobile" company was established as the first joint stock company. By 1975 there were about 14 public companies. The rapid economic expansion, besides the Saudisation of part of the foreign banks capital in the 1970's led to the establishment of a number of large corporations and joint stock banks.

The market remained informal, until the early 1980's when the government embarked on forming a regulated market for trading together with the required systems. In 1984, a Ministerial Committee composed of the Ministry of Finance and National Economy, Ministry of Commerce and Saudi Arabian Monetary Agency (SAMA) was formed to regulate and develop the market. SAMA was the government body charged with regulating and monitoring market activities until the Capital Market Authority (CMA) was established in July 2003 under the Capital Market Law (CML) by Royal Decree No. (M/30).

The CMA is the sole regulator and supervisor of the capital market, it issues the required rules and regulations to protect investors and ensure fairness and efficiency in the market.
More about the company
Address: NCCI Building, North Tower, King Fahd Road PO Box 60612 , Riyadh, SAUDI ARABIA

Saudi Stock Exchange

Tadawul

Joint stock

October 2001

966 1 2189999

webinfo@tadawul.com.sa

www.tadawul.com.sa

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Officers
Board of Directors Position
Fahad Abdullah Al Mubarak
Chairman
Taha Abdullah Al Kuwaiz
Vice Chairman
Mansour Saleh Al Mayman
Board Member
Abdullah A. Al Hamoudi
Board Member
Abdulrahman A. Al Hamidy
Board Member
Ahmed Al Khateeb
Board Member
Ahmed Farid Al Aulaqi
Board Member
Abdulrahman Yahya Al Yahya
Board Member
Saud Bin Majed Al Daweesh
Board Member
   
Management Position
Abdulrahman Al Touaijeri
Governor
Abdullah Al Suwailemi
General Director
Major Shareholders
Name Country
Public Investment Fund
Saudi Arabia
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