Difference between revisions of "Saudi Stock Exchange"

From MarketsWiki
Jump to: navigation, search
m (New page: {{helpAddContent}} <!-- Have a big article with lots of text? Remove this template! --> {{Infobox_Company <!-- Feel free to remove comments like this when you add real info --> | company...)
 
Line 13: Line 13:
 
The Saudi Stock Exchange (Tadawul) is the country’s only securities platform, and with a market capitalization of SR1,946bn at the end of 2007 ranks as one of the world’s largest emerging-market bourses. The electronic platform, recently upgraded by [[OMX]] also lists bonds and mutual funds.
 
The Saudi Stock Exchange (Tadawul) is the country’s only securities platform, and with a market capitalization of SR1,946bn at the end of 2007 ranks as one of the world’s largest emerging-market bourses. The electronic platform, recently upgraded by [[OMX]] also lists bonds and mutual funds.
  
The state-owned Tadawul was converted to a joint stock company in 2007, and is slated for an IPO within two years. Officials are also considering the lifting of retrictions on share-dealing by foreigners.
+
The state-owned Tadawul was converted to a joint stock company in 2007, and is slated for an IPO within two years. Officials are also considering the lifting of restrictions on share-dealing by foreigners<ref>{{cite web|url=http://us.ft.com/ftgateway/superpage.ft?news_id=fto011020081802161579|org=Financial Times|name=Interview|date=January 15, 2008}}</ref>.
  
 
== History ==
 
== History ==
 
The Tadawul was launched in October 2001, replacing the bank-run trading system expanded during the 1980s, and introducing electronic trading in 1991. A new system, provided by OMX, was introduced in 2007.
 
The Tadawul was launched in October 2001, replacing the bank-run trading system expanded during the 1980s, and introducing electronic trading in 1991. A new system, provided by OMX, was introduced in 2007.
  
Market capitalization rose from SAR275bn in 2001 to to  SR1,946bn at the end of 2007, with 107 listed entities drawn from banking and diversified industrial and construction, providing the platform for the country's privatization program. The exchange was converted into a joint stock company in March 2007 with a capital of SR1.2bn controlled by the state Public Investment Fund<ref>{{cite web|url=http://www.tadawul.com.sa/wps/portal/!ut/p/_s.7_0_A/7_0_4A7?PRESS_REL_NO=1347|org=Tadawul|name=History|date=January 15, 2008}}</ref>.
+
Market capitalization rose from SR275bn in 2001 to SR1,946bn at the end of 2007, with 107 [http://www.tadawul.com.sa/wps/portal/!ut/p/.cmd/cs/.ce/7_0_A/.s/7_0_4AO/_s.7_0_A/7_0_4AO/ listed companies] drawn from banking and diversified industrial and construction, providing the platform for the country's privatization program. The exchange was converted into a joint stock company in March 2007 with a capital of SR1.2bn controlled by the state Public Investment Fund<ref>{{cite web|url=http://www.tadawul.com.sa/wps/portal/!ut/p/_s.7_0_A/7_0_4A7?PRESS_REL_NO=1347|org=Tadawul|name=History|date=January 15, 2008}}</ref>.
  
 +
== Structure and Regulation ==
 +
The exchange is regulated by the [[Capital Markets Authority]], and trading hours are 11:00am-3.30pm, with 21 registered brokers, including affiliates of overseas institutions such as Deutsche Bank.
  
 
{{Infobox Midpage Need Sponsor}}
 
{{Infobox Midpage Need Sponsor}}
 
== Products and Services ==
 
 
== Key People ==
 
  
 
== References ==
 
== References ==
 
<references />
 
<references />
  
 +
== External Links ==
 +
*[http://www.cma.org.sa/cma_en/default.aspx/ Capital Market Authority]
 +
[[category:Stock Exchanges]]
 +
[[category:Middle East Exchanges]]
 
<!-- Categories go at the end of the article.  Not sure if this article fits a category?  Some do,
 
<!-- Categories go at the end of the article.  Not sure if this article fits a category?  Some do,
 
     some don't.  Take a look at http://www.marketswiki.com/mwiki/index.php?title=Special:Categories
 
     some don't.  Take a look at http://www.marketswiki.com/mwiki/index.php?title=Special:Categories
 
     if you want a list of existing categories. -->
 
     if you want a list of existing categories. -->

Revision as of 08:16, 15 January 2008

Tadawul
Tadawul.gif
Founded 2001
Headquarters Riyadh, Saudi Arabia
Products Cash equities, bonds and mutual funds
Website http://www.tadawul.com.satp/

The Saudi Stock Exchange (Tadawul) is the country’s only securities platform, and with a market capitalization of SR1,946bn at the end of 2007 ranks as one of the world’s largest emerging-market bourses. The electronic platform, recently upgraded by OMX also lists bonds and mutual funds.

The state-owned Tadawul was converted to a joint stock company in 2007, and is slated for an IPO within two years. Officials are also considering the lifting of restrictions on share-dealing by foreigners[1].

History

The Tadawul was launched in October 2001, replacing the bank-run trading system expanded during the 1980s, and introducing electronic trading in 1991. A new system, provided by OMX, was introduced in 2007.

Market capitalization rose from SR275bn in 2001 to SR1,946bn at the end of 2007, with 107 listed companies drawn from banking and diversified industrial and construction, providing the platform for the country's privatization program. The exchange was converted into a joint stock company in March 2007 with a capital of SR1.2bn controlled by the state Public Investment Fund[2].

Structure and Regulation

The exchange is regulated by the Capital Markets Authority, and trading hours are 11:00am-3.30pm, with 21 registered brokers, including affiliates of overseas institutions such as Deutsche Bank.

Template:Infobox Midpage Need Sponsor

References

  1. Interview. Financial Times.
  2. History. Tadawul.

External Links