As much as 70% of Profits to be Distributed to Shareholders -Tadawul Group CEO Pledges

Saudi Tadawul Group policy is focused on distributing 70% of the profits to shareholders, in dividends, unless it is used for expansion or further consolidating the the company, CEO of the group, Eng. Khaled Al-Hussan announced.

As for the subsidiaries, they have a great ambition in Wamd, as the group has the ability and knowledge, in the field of technology, and at the same time they have a large volume of information required for investors and financial companies, therefore developing this part is a priority within the group’s strategy, during the period to come, he added.

“It is working to implement ESG sustainability standards and targeting the market, in general, and the Tadawul group will be evaluated after listing,” Al-Hussan confirmed.

“Tadawul group is working on a set of initiatives to expand the base of the financial market, whether in terms of issuers or investors, local or foreign listings.

Among the priorities of Tadawul group is linking with international depository centers, through a depository company, aims to increase the investor base, especially in the debt market, he pointed out.

There are a very important station, in the development of the financial market, which is activating the role of clearing securities process, through a clearing company, and this will represent an attractive turning point for investors, in the financial market.

Listing and trading of the shares of the Saudi Tadawul Group Holding company have begun on the main market of Tadawul, after the shares were subscribed at SR105 per share.

The company had offered 36 million shares, representing 30% of its capital, for public subscription, 70% of which were allocated to institutional investors and 30% to individual investors.

It is noteworthy that the individual segment was covered by more than 440%, after pumping more than SR5 billion by the subscribers, while the institutions were covered by 121 times, bringing together a subscription overall sum, totaling as much as SR3.78 billion.