Here’s everything you need to know about the Saudi market from Thndr
“Tadawul” is the main stock exchange in Saudi Arabia, in addition to the parallel market “Nomu”, which is dedicated to the trading of emerging companies’ shares.
The TASI is the general index of the major stock market.
Tadawul became the ninth largest stock exchange in the world in terms of market cap, at the end of April 2022.
The Tadawul has joined the FTSE Russell and S&P Dow Jones emerging market indices, indicating investor confidence in the market.
How to Invest
Tadawul offers investors various investment instruments, such as stocks, debt instruments, and ETFs in addition to real estate investment traded funds, closed-end mutual funds, and derivatives.
Saudis, citizens of Gulf countries, and resident foreigners can invest in Tadawul by opening investment portfolios according to the conditions stated on the official website of the market, while Nomu is only intended for qualified investors, whether nationals, Gulf nationals, or foreigners.
Top 10 Companies in the Market
The list of the top ten in the Saudi market in terms of capital is as follows:
1- Saudi Aramco (2222)
SAR 75 billion
2- Saudi National Bank (1180)
SAR 44.7 billion
3- Saudi Electricity Company (5110)
SAR 41.6 billion
4- Al Rajhi Bank (1120)
SAR 40 billion
5- Kingdom Holding (4280)
SAR 37 billion
6- Riyad Bank (1010)
SAR 30 billion
7- SABIC (2010)
SAR 30 billion
8- Maaden (1211)
SAR 24.6 billion
9- SAAB (1060)
SAR 20.5 billion
10- Alinma Bank (1150)
SAR 20 billion
Historic IPO
Aramco company listed 1.5% of its total shares for public trading, on November 17, 2019, making it the largest IPO in history.
Sharia-Compliant
There are 255 mutual funds listed on the market, 200 of which are Sharia-compliant funds, and 55 of which are non-Shari’a-compliant funds.
This year, Tadawul launched the first Shariah-compliant index, known as the Islamic “TASI” in order to track the performance of Shariah-compliant companies listed on the Saudi Tadawul.
The index allows asset managers to measure the performance of their Shariah-compliant investment portfolios.
The index can also serve as the basis for a number of financial products, such as derivatives and ETFs.
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