Find out more about Edaa, Saudi Tadawul Group’s subsidiary responsible for registering the ownership of securities.
- The Securities Depository Center Company ‘Edaa’ was established in 2016 and is fully owned by Saudi Exchange (Tadawul).
- Edaa works to develop infrastructures and procedures to execute transactions in alignment with international standards. It also aims to enhance the efficiency of securities deposit and registration services in alignment with Saudi Vision 2030 by developing a more resourceful environment that fosters excellence within all capital market sectors.
Edaa operates and maintain the Depository and Settlement System (DSS), an electronic book-entry system used to record and maintain securities and to register the ownership of securities.
In addition to linking center members through the DSS, Edaa offers several added-value services such as the management of issuers’ general assemblies (AGM) including remote voting services (e-Voting), reporting, notifications, and maintenance of critical core data.
Edaa facilitates equity, debt, Sukuk and bonds, ETFs, REITs, Mutual Funds and other financial instruments in the Saudi capital market.
Raed Ibrahim Al-Humaid has more than 20 years of experience during which he has held several roles and leadership positions in the Capital Market Authority. The last of these was the position of the CMA Deputy for Market Institutions in 2018 where he reported directly to H.E. the Chairman of CMA.
He also supervised operations, business management and strategies for developing and drafting many Capital Market rules and regulations.
Mr Al-Humaid holds a Bachelor’s degree in Industrial Engineering from King Saud University, and an MBA from the University of Hull in the United Kingdom. Mr Al-Humaid also has multiple certifications in various fields.