Saudi Exchange: Difference between revisions

Content deleted Content added
No edit summary
Tags: Mobile edit Mobile web edit
No edit summary
Line 1:
{{Infobox exchange
|name = TadawulṮāḏāwūl
|alt_name = '''''TASI'''''
|logo = [[File:Tadawul logo.svg|Tadawul logo|200px]]
Line 21:
}}
 
'''Saudi Stock Exchange''' ({{lang-ar|السوق المالية السعودية}}) or '''TadawulṮāḏāwūl''' ({{lang-ar|تداول}}) is a [[stock exchange]] in [[Saudi Arabia]]. Tadawul was formed in 2007 as a joint stock company and the sole entity authorized to act as a securities exchange in Saudi Arabia, but trading began in 1954 as an informal financial market. It continued as such with only 14 listed companies through the 1970s and began to acquire some formal status as the Saudi Company for Share Registration in 1980.The Saudi Company for Share Registration was officially established after being regulated by a Special Ministerial Committee. It is regulated by the [[Capital Market Authority (Saudi Arabia)|Capital Market Authority]] but has become partially self-regulating organization since 2018. It lists 203 publicly traded companies (as of December 31, 2020). As of December 31, 2020, its trading hours are 10:00AM to 3:10PM, Sunday to Thursday.<ref>{{cite web|title=Saudi Stock Exchange (Tadawul)|url=http://www.tadawul.com.sa/wps/portal/!ut/p/c1/04_SB8K8xLLM9MSSzPy8xBz9CP0os3g_A-ewIE8TIwN_D38LA09vV7NQP8cQQ3dnA6B8JJK8e0CYqYGniU-wUXCAl7GBpxEB3X4e-bmp-gW5EeUAogMkdA!!/dl2/d1/L0lDUmlTUSEhL3dHa0FKRnNBL1lCUlp3QSEhL2Vu/?PRESS_REL_NO=4554}}</ref><ref>{{cite web|title=Saudi Stock Exchange (Tadawul) - Navigation Root|url=http://www.tadawul.com.sa/wps/portal/!ut/p/.cmd/cs/.ce/7_0_A/.s/7_0_61P/_s.7_0_A/7_0_61P/ChangeLanguage/.l/en}}</ref> Tadawul is considered the largest capital market in the Middle East and North Africa.<ref>{{Cite web|url=http://investsaudi.sa/en/node-1140/|title=Why Saudi Arabia|website=Invest Saudi|language=en-US|access-date=2019-02-17}}</ref> As of December 2019, Tadawul is considered the world's ninth-biggest stock market.<ref>{{Cite web|url=https://www.businesstimes.com.sg/government-economy/aramco-surges-in-debut-trading-to-make-saudi-exchange-worlds-ninth-biggest|title=Aramco surges in debut trading to make Saudi exchange world's ninth biggest|date=2019-12-12|website=The Business Times|language=en|access-date=2019-12-14}}</ref>
 
On 26 February 2017, [[Saudi Parallel Market (Nomu)|The Saudi Parallel Market (Nomu)]] was launched as a parallel equity market with lighter listing requirements to provide companies an alternative platform for the public listing.<ref>{{Cite web|url=http://www.alrajhi-capital.com/en/brokerage/Pages/nomu.aspx|title=Al Rajhi Capital {{!}} NOMU - Parallel Market|website=www.alrajhi-capital.com|access-date=2019-09-05}}</ref><ref>{{Cite web|url=http://english.alarabiya.net/en/business/2017/02/26/What-is-the-Saudi-Nomu-Parallel-Market-.html|title=Factfile: What is the Saudi Nomu-Parallel Market?|website=english.alarabiya.net|language=en|access-date=2019-09-05}}</ref>