Sukuk and debt instruments listed on the Saudi Stock Exchange achieve 20% growth in 2024

Sukuk and debt instruments listed on the Saudi Stock Exchange achieved 20% growth in 2024 compared to the previous year, with a total value of SAR 663.5 billion.

The Kingdom is working to develop the sukuk and debt instruments market, which is a key financing channel, by regulating and enabling market-making activities for debt instruments.

The Capital Market Authority issued 25 decisions to license new financial market institutions, bringing the number of licensed financial market institutions to 186 by the end of 2024. Revenues of financial market institutions increased by 29.6% compared to the previous year, reaching SAR 17 billion, and their profits reached SAR 8.8 billion, an increase of 39.3% compared to the previous year. The Capital Market Authority also approved (4) financial technology models, including permits for a model for distributing investment funds and real estate investment funds, a model for a robo-advisor, a model for offering and investing in debt instruments, and a permit granted for a social trading model, bringing the number of existing financial technology experiment permits by the end of 2024 to 46 permits.