Saudi Stock Market approached entering List of 10 Largest Stock Exchanges in the World

Data from the World Federation of Exchanges revealed that the Saudi Stock Exchange “Tadawul” has achieved many leaps during the past 7 years, specifically since the launch of the Kingdom’s Vision 2030 in 2016, advancing about 12 global positions among the largest stock exchanges in the world, ranging between 11th and 12th globally this year, and is steadily approaching entering the list of the 10 largest stock exchanges in the world.

According to data from the World Federation of Exchanges, the market value of the Saudi Stock Exchange “Tadawul” has multiplied about 5 times during the past 7 years.

The market value of the Saudi market increased from $449 billion (1.7 trillion riyals) at the end of 2016 in the 23rd place globally to about $2.7 trillion (10.2 trillion riyals) by the end of August 2024 in the 11th place globally. This was achieved with the support of Aramco’s offerings and a series of reforms implemented at the level of the Saudi financial market.