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Saudi Stock Exchange (TADAWUL). Objectives . Encourage investing in the domestic market. Provide issuers with ability to raise funding at the most competitive rates. Concentrate securities trading into a singe transparent, organized and regulated market.
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Objectives • Encourage investing in the domestic market. • Provide issuers with ability to raise funding at the most competitive rates. • Concentrate securities trading into a singe transparent, organized and regulated market. • Provide Reliable clearing, settlements, depository and registration services.
Challenges determine the exchange future • Liberalization of market entry. • Centralized post trading system. • Advanced technology. • Future growth • Future industry structures
Overview • Legal status • Close holding company with capital SR 1,200 Billion (272 Billion $). • Regulator: Capital Market Authority • Market Cap (446 Billion $) • Listed Companies (116) • Shareholders 3.7 Million • Members of exchange (22)
Trading • Irrevocable trade. • Order driven market • Single market • Instruments ( Equity-Sukuk-Bond) • Real Market data. • Real STP. • 80% of activities thru E-Trading. • FIFO Market
Trading Channles • ATM • IVR • Mobile Phone • Internet
(Market Statistics of April 2008) )أداء ومقارنة الأسواق الخليجية مع الأسواق العالمية( Saudi Stock Exchange
Comparison between Saudi stock exchange and other Emerging Markets DERIVATIVE MARKET CASH MARKET ~ OTC: market is regulated by the exchange with support services
CSDR • Fully Electronic. • Fully dematerialized. • Real time settlement. • Zero unsettled trade. • Clearing thru SARIE (RTGS) in net basis. • Tightly coupled with trading system. • Short sell not permitted
Accounts holders (3,669,528) investors (31/12/2007). • Full range of corporate actions. • Other CSD Services • Pledging • Movement + Transfer • Custody services • Full range share book download to all companies • Cash payments