Saudi Arabia’s Capital Market Authority (CMA) ranked 9th globally in 2022 in terms of the market value of shares traded on Tadawul.
It also ranked 4th among the G20 members last year, according to CMA’s Undersecretary for Strategic and International Affairs Yazeed bin Saleh Al-Dumaiji.
Al-Dumaiji said the number of listed companies on Tadawul rose from 188 in 2017 to 269 in 2022.
Saudi Stock Exchange also recorded a significant increase in terms of growth over the past years, with a whopping 476.5 percent jump in its market value to reach $2.6 trillion (SAR9.9 trillion) by the end of 2022.
Al-Dumaiji said Tadawul hosting the international conference of the financial sector in the country reflected the significant position it achieved in the region.
Al-Dumaiji also said the value of money collected from Sukuk and bond trading activities has increased from SAR37.2 billion in 2021 to SAR53.9 billion in 2022.
“The growth and development witnessed by Tadawul have had their positive impact on the market institutions which increased by 63 percent from 86 establishments in 2017 to 141 ones in 2022,” he said.
The institutions’ net revenues also saw an increase 144 percent during the period to reach SAR12.2 billion.
In terms of investment volume, Al-Dumaiji said foreign investments in Saudi Arabia have seen a record increase of 388 percent from SAR71 billion in 2017 to SAR347 billion in 2022.
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