Saudi Tadawul Group logo
Saudi Tadawul Group announced that it has four wholly-owned subsidiaries, in addition to a 33.12% stake in a real estate company.
Here are the details of the companies owned by the group:
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Subsidiaries |
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|
Company |
Details |
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Saudi Exchange (Tadawul) |
A wholly owned company that operates the Saudi stock market. It enables, through its various platforms, the buying and selling of securities. It also enables companies to obtain financing through the share offerings they make via a platform for listing their securities and provides trading data, reference data and financial indicators. |
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Securities Depository Center (Edaa) |
A wholly owned company that provides securities settlement services for all securities traded in the market, in addition to providing deposit services including registration services, registration management and records management to clients. |
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Securities Clearing Center (Muqassa) |
A wholly owned subsidiary that provides securities clearing services for the financial derivatives markets. It aims in the near future to activate clearing operations and provide services related to all other securities. |
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Wamid |
A wholly owned subsidiary that aims to drive technology-based innovation while pursuing new opportunities in the region. Its objective is to enhance investors' market experience by means of technology development, data access and serving as the group's innovation hub. |
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Tadawul Real Estate |
A 33.12%-owned subsidiary that is a limited liability company, which operates in real estate management and development. Currently, it manages the commercial office tower in King Abdullah Financial District, Riyadh. |
According to data available on Argaam, Saudi Tadawul Group plans to offer 36 million shares in an IPO, representing 30% of its SAR 1.20 billion capital, divided into 120 million ordinary shares. The shares are fully owned by the Public Investment Fund (PIF).
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