CMA Release Tadawul’s Subscription Prospectus

The Capital Market Authority (CMA) released Saudi Tadawul Group’s subscription prospectus.

Institutional subscriptions for group shares will begin on November 21 for a six-day period, while individual subscriptions will begin on November 30 for a three-day period, with shares being allotted no later than December 6, 2021.

The Saudi Tadawul Group Holding Company plans to sell 36 million shares to the public, accounting for 30% of the company’s stock.

It was founded as a Saudi closed joint stock company with a capital of SR1,200,000,000 divided into 120,000,000 shares of equal value, each with a nominal value of SR10, all of which are cash shares owned entirely by the Public Investment Fund.

The group is a holding company with four completely owned subsidiaries: the Saudi Tadawul Company, which is one of the world’s largest financial markets by market value, the Securities Depository Center Company (Edaa), and the Securities Clearing Center Company (Muqassa). Wamed Corporation is a company that specializes in providing innovative technology solutions. The Saudi Tadawul Group owns 33.12% of Tadawul Real Estate Company’s capital.

Tadawul Group has a broad and integrated business model that encompasses all relevant activities, allowing it to provide a full range of financial market products and services.

Through the company’s services, the commercial independence of each subsidiary is intended to create a more flexible environment to enable growth, innovation, and rapid response to global and regional market changes.

The Saudi Tadawul Group is one of the primary pillars in the Kingdom’s vision 2030 to meet the aims of the Financial Sector Development Program, one of which is to establish a sophisticated financial market.

Tadawul has a strong strategic and competitive position as a result of its size, growth potential, and role as an important part of the country’s economic change.

It can retain a good financial position and increase its ability to pay future dividends by having a high level of capital and cash flow.

In addition, it is the principal service provider for trading, clearing, and settlement services in securities in the Kingdom of Saudi Arabia, through its subsidiaries (such as the Saudi Tadawul Company, a Depository Company, and a Clearing Company) regulated by the Authority.

The company helps the Kingdom in establishing a thriving economy backed by an advanced, integrated, and technologically advanced financial market as one of the primary pillars of the Saudi economy and the financial sector development program within the Kingdom’s Vision 2030.

Plz., see bellow attached prospectus link, down under, for further information and to view preliminary data.

To download the attached files

Saudi_Tadawul_Group_ar.pdf