Economist / “Saudi Tadawul Group” issues its annual report for the year 2020 AD The Saudi Press Agency


Riyadh 14 Dhul Qi’dah 1442 AH corresponding to 24 June 2021 AD
The Saudi Tadawul Group (the Group) today issued its annual report for the year 2020, which reviews the company’s performance, activities and most important achievements during the past year ending on December 31, 2020.
In the first quarter of 2021 AD, the Saudi Stock Exchange (Tadawul) announced its transformation into a holding group called “The Saudi Tadawul Group”, which includes under its umbrella four companies: Tadawul Saudi – the stock market in the Kingdom – (formerly Tadawul), and the Securities Clearing Center Company (Muqassa), the Securities Depository Center Company (Edaa), and the new “Wameh” company specialized in technical innovation.
The report indicated that the group’s operating revenues increased by more than 91%, or 1.1 billion Saudi riyals, in the year 2020 AD, mainly as a result of the increase in trading commissions by 141%, and the operational costs increased by almost 9% in the same period of the previous year to reach 356 million Saudi riyals, where This performance, supported by the increase in operating revenues, contributed to the growth of total profits by 203%, or 723 million Saudi riyals, in 2020.
He pointed out that the general and administrative expenses decreased by 8% to reach 180 million Saudi riyals in the year 2020, while the operating profits increased by more than 10 times to reach 543 million Saudi riyals, where the non-operating profits recorded a decrease of 41 million Saudi riyals in the year 2020 AD. An estimated 63%, mainly affected by the decrease in investment income to 59%, the increase in the annual profit before zakat by 281% to reach 584 million Saudi riyals, and the increase in the annual profit after zakat by 227% to reach 500.5 million riyals.
On the operational level, the group has achieved many notable achievements in its endeavors to develop the financial market, as it completed the fifth and final phase of joining the FTSE Russell Emerging Markets Index, launched the financial derivatives market, and the first gold-traded fund in the Middle East and North Africa region, and launched futures contracts for the FTSE MT30 and iBooks Tadawul indices for Sukuk and Government Debt Instruments in Saudi Riyal in cooperation with IHS Markit.
The report indicated that the market value of the group’s main market increased by 0.85% from 9.0 billion Saudi riyals in 2019 to 9.1 billion Saudi riyals by the end of 2020. This share currently constitutes about 77% of the total market capitalization of the stock markets in the Middle East and North Africa region, and the Saudi stock market represents the highest ratio in terms of the ratio of market capitalization to GDP among the largest emerging markets, reaching more than 356%.
On this occasion, Sarah Al-Suhaimi, Chairman of the Board of Directors of the Saudi Tadawul Group, said: “In the past years, we have made achievements that confirm our determination and flexibility. Infrastructure, products and offers, in support of the objectives of the Financial Sector Development Program, one of the executive programs of the Kingdom’s Vision 2030 and in line with the strategy of the Public Investment Fund.”
For his part, the CEO of the Saudi Tadawul Group, Eng. Khaled Al-Hussan, stressed that the exceptional financial results that were achieved in 2020, despite the difficult conditions witnessed by the local and global markets, are a strong indicator that reflects the success of the group’s strategy and its operational flexibility, enabling the group throughout the year to continue its growth path and enhance its position as a market It is an advanced financial institution and a global leader, looking forward this year to further contributing to the diversification of the national economy by providing more attractive investment opportunities to meet the aspirations of exporters and investors.
The report mentioned the most prominent financial and operational results for the year 2020, which are: an increase in the rate of operating revenues to about 91.3% to reach 1.1 billion Saudi riyals, affected by the increase in the volume of trades, and an increase in the profit before zakat for the group by 281% to reach 584 million Saudi riyals and an increase in the annual profit after Zakat increased by 227% to reach 500.5 million riyals, achieving the ninth position among the largest financial markets in the world in terms of market value at the end of the year 2020, and an increase of 3.58% in the main market index (TASI) which was reflected in the increase in the market value of the market by 0.85%, in When the Parallel Market Index (Nomu) recorded an increase of 252%, which was reflected in an increase in the market capitalization of the market by 379%, and an increase in the number of qualified foreign investors from 1,939 in January 2020 to more than 2,300 at the end of the year, an increase of approximately 18.6%, and a net Their investments are 22.4 billion Saudi riyals in the same period, and the Securities Clearing Center Company (Muqassa) obtained a license for a clearing company from the Capital Market Authority as a qualified central counterparty, and the establishment of a new company that falls under the Saudi Tadawul Group in the name of Tada Company And for advanced solutions, “Wamed”, which specializes in providing technical solutions based on innovation.
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