Press Release Detail

Riyadh, 18 February 2025 – Saudi Tadawul Group (STG), a leading diversified capital markets group, announced the signing of four memorandums of understanding, during the first day of its flagship Capital Markets Forum (CMF) Riyadh 2025, held under the patronage of His Excellency Mohammed Al-Jadaan, Minister of Finance and Chairman of the Financial Sector Development Program Committee. The event underscores STG’s commitment to promoting collaboration and advancing the role of the Saudi capital market as a global financial hub.

As part of its broader international CMF series, STG has revealed plans for the second edition of CMF Hong Kong, set to take place in May 2025, and the inaugural edition of CMF New York, scheduled for October 2025. These events aim to strengthen connections between regional and global capital markets, building on the success of the Riyadh edition and fostering encouraging dialogue to drive growth and advancement in global markets.

Eng. Khalid Al-Hussan, Chief Executive Officer of STG, said: “CMF Riyadh 2025 underscores Saudi Tadawul Group’s commitment to improving access to the Saudi capital market through strategic agreements that enhance cross-border cooperation, strengthen market infrastructure, and unlock investment opportunities. By creating a global platform through CMF events, we are promoting meaningful dialogue, driving innovation, and sustainable growth for all stakeholders.”

CMF brings together the capital market leaders, decision-makers, investors and corporates, to explore transformative trends and opportunities in capital markets. With the theme of “Powering Connections,” CMF is a platform that aims to cultivate collaboration and long-lasting partnerships, advancing innovation and cultivating long-term prosperity and shaping the future of global capital markets.

During the event, STG and its subsidiaries made a number of announcements with the aim of advancing the Saudi capital market, including: 

• The Group unveiled its STG App, consolidating all its services under one intuitive platform, simplifying processes for investors, businesses, and the wider community of market participants.

• The Saudi Exchange inaugurated its Capital Management System (CMS), which provides investors with seamless access to equity, fund, and sukuk offerings from their investment portfolios marking a transformative shift in access to offerings on the Saudi capital market. 

• Edaa – the Group’s Securities Depository Center – announced the launch of “Edaa Connect,” a first-of-its-kind platform designed to transform investor access to mutual funds in the Saudi capital market. 

• Wamid, Google Cloud, and Deloitte will collaborate to launch and develop capital market data products, reinforcing STG’s role in driving innovation and digital advancement in the Saudi capital market. 

Moreover, a series of agreements were announced between STG, its subsidiaries and the following entities:

• Saudi Tadawul Group and the Financial Academy signed a Memorandum of Understanding to establish programs for the financial sector in partnership with local and international universities.

• Saudi Exchange and Jakarta Futures Exchange (JFX) signed a Memorandum of Understanding to provide JFX members with access to the Saudi Exchange.

• Securities Clearing Center Company (Muqassa) and FIS Global signed a Memorandum of Understanding to provide the required technologies to support participants in the Saudi Derivatives market.

For more information about CMF, please visit: www.global-cmf.com 

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