Tadawul Launches Saudi Depositary Receipts for the First Time in the Saudi Stock Exchange

The Saudi Stock Exchange (Tadawul) announced today the launch of Saudi Depositary Receipts (SDRs), a new financial instrument that provides investors in the Saudi financial market with easy access to shares of foreign companies listed on global markets. This is a pivotal step toward consolidating the Kingdom’s position as a global financial center.

The SDRs enable investors in the Saudi financial market to access foreign companies listed on other markets, with the possibility of trading and settling them in Saudi riyals.

In addition, SDRs are characterized by high liquidity and flexibility, allowing issuers to transfer securities between the Saudi financial market and foreign markets by converting the SDRs into shares on the foreign market, thus providing the opportunity to trade company shares on two different financial markets.