After achieving the 2025 target.. Saudi stock market value expected to hit 5.7 trillion riyals by 2030

Data indicate that the market value of the Saudi stock market to the Kingdom’s GDP, which is targeted to be achieved by the end of 2025, was actually achieved by the end of the first quarter of this year, and the program aims for the market value to be 80.8% of the GDP, excluding the market value of Aramco, while it has currently reached about 83%.

The market value of the stock market currently stands at 3.4 trillion riyals, while the Financial Development Program – one of the Vision 2030 programs – was targeting to achieve 3.2 trillion riyals, meaning that it exceeded the target by more than 200 billion riyals.

According to this growth, it is expected that the market value of the stock market will rise by about 40% in the coming period until the end of 2030 to reach 5.7 trillion riyals.

The baseline for the financial sector program was 2019, in which the market value to GDP ratio was about 66.5%, and it rose to 83% during the first quarter of this year, meaning that the 2025 target was exceeded. On the other hand, there is another target by 2030, which is to raise the market value to GDP to 88%, and based on the GDP reaching 6.5 trillion riyals, the market value of the stock market is supposed to reach 5.7 trillion riyals, without including the value of Saudi Aramco. The market value is expected to rise to 3.7 trillion riyals in 2025, while in 2026 it is expected to rise to 4 trillion riyals, and in 2027 the market value of the stock market “Tadawul” is expected to rise to 4.4 trillion riyals, while in 2028 it is expected to rise to 4.7 trillion riyals, while in 2029 it is expected to increase to 5.2 trillion riyals, and in 2030 it is expected to reach 5.7 trillion riyals. The Kingdom’s Vision 2030 aims to increase listings in the Saudi Stock Market “Tadawul”, and thus a number of companies are expected to be listed in the coming years. The Kingdom plans to raise the private sector’s contribution to the GDP to 65% by 2030, and the results of this increase will include listing many companies from the private sector. During the past period, the Capital Market Authority has worked on many regulations and incentives to attract more private sector companies.