Press Release Detail

RIYADH, 18 February 2025 – Saudi Tadawul Group (STG), a leading capital markets group, successfully concluded the Saudi Capital Market Awards (SCMA), celebrating exceptional achievements and best practices in the Saudi capital market. 

Organized in collaboration with the CFA Society Saudi Arabia and the Middle East Investor Relations Association (MEIRA), the awards recognized outstanding contributions that foster innovation, advance sustainability, and drive market growth.

The 2024 awards spanned a range of 21 diverse categories that reflect the breadth and dynamism of the Saudi capital market. Winners were selected by an independent panel, which includes esteemed professionals from CFA Society Saudi Arabia and MEIRA. The awards recognize efforts across various areas, including IPOs, Investor Relations, Sustainability, and Debt and Equity Capital Markets.

2024 Saudi Capital Market Award Winners:

• IPO of the Year – Main Market: Rasan Information Technology

 

• IPO of the Year – Nomu: First Avenue Real Estate Development

 

• Direct Listing of the Year – Nomu: Miral Dental Clinics

 

• Private Placement of the Year: BSF Capital

 

• Merger and Acquisition of the Year: SNB Capital

 

• Debt Capital Markets House of the Year: HSBC Saudi Arabia

 

• Asset Manager of the Year: Jadwa Investment

 

• Most Active Derivatives Broker of the Year: SNB Capital

 

• Equity Capital Markets House of the Year: BSF Capital

 

• Research House of the Year: EFG Hermes

 

• General Clearing Member of the Year: Saudi Awwal Bank (SAB)

 

• Direct Clearing Member of the Year: SNB Capital

 

• Broker of the Year: Derayah Financial 

 

• Custodian of the Year: Riyad Capital

 

• Investment Bank of the Year: SNB Capital

 

• Sultan AlDugaither Award for the Best Investor Relations Program of the Year (Large-cap: above SAR 37.5bn): Saudi Arabian Oil Company (Aramco)

 

• Sultan AlDugaither Award for the Best Investor Relations Program of the Year (Mid-cap: between SAR 3.75-37.5bn): Saudi Aramco Base Oil (Luberef)

 

• Sultan AlDugaither Award for the Best Investor Relations Program of the Year (Small-cap: under SAR 3.75bn): First Mills

 

• Sustainability Program of the Year (Large-cap: above SAR 37.5bn): Saudi Awwal Bank (SAB)

 

• Sustainability Program of the Year (Mid-cap: between SAR 3.75-37.5bn): Solutions by STC

 

• Sustainability Program of the Year (Small-cap: under SAR 3.75bn): Alandalus Property

 

Eng. Khalid Al-Hussan, Chief Executive Officer of STG, said: “The Saudi Capital Market Awards are a testament to the dedication and innovation driving the growth and evolution of the Saudi capital market. The achievements of this year’s winners have demonstrated excellence across key areas, including ESG, and investor relations. We extend our congratulations to all the winners and participants for their exceptional contributions.”

Fahad Kordi, President of CFA Society Saudi Arabia, said: “CFA Society Saudi Arabia is proud to support the transformation of the Kingdom’s financial sector in line with Saudi Vision 2030. A world-class capital market is essential to attracting investment, fostering innovation, and positioning Saudi Arabia as a global financial hub. The Saudi Capital Market Awards celebrate the firms and individuals setting new standards in excellence, transparency, and market leadership. We congratulate this year’s winners for their contributions to the growth and evolution of our capital markets.”

Rayan Al Karawi, Chairman of the KSA Board said: “MEIRA is delighted to support the Saudi Tadawul Group in advancing investor relations and sustainability through the Saudi Capital Market Awards, recognizing excellence across the Saudi capital market. The growing quality and caliber of applicants highlights the commitment of market participants towards elevating transparency standards, promoting market competitiveness, economic diversification and sustainable growth, in line with Saudi Vision 2030. Congratulations to all the winners and shortlisted companies for their outstanding achievements, and we look forward to playing our part in supporting the advancement of capital markets across the region.”

Presented at the Capital Markets Forum (CMF), the Saudi Capital Market Awards, now in its 5th edition, continue to play a pivotal role in fostering excellence and innovation within the Saudi financial ecosystem. As the Kingdom progresses toward becoming a global financial hub, these awards underscore the importance of competitiveness and collaboration in achieving sustainable growth.

CMF brings together the capital markets leaders, including 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 foster collaboration and long-lasting partnerships, while driving innovation, and sustainable growth and shaping the future of global capital markets.

For more information about Saudi Capital Market Awards, please visit: www.global-cmf.com 

 

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