Saudi Arabia’s financial market is undergoing a transformative shift, witnessing the entry of sectors such as schools and hospitals, previously absent six years ago, according to Nayef Al-Athel, the Group Chief of Sales and Marketing Officer at Tadawul Group. Speaking at the Saudi Capital Market Forum in Riyadh, Al-Athel emphasized the market’s diversification, highlighting the emergence of companies in e-commerce, education, and healthcare that were not part of the market in the past. Tadawul Group, positioned as an “equity capital markets powerhouse,” celebrated its role in over 150 listings in the past five years, showcasing its prominence on the global financial stage.Al-Athel underscored the significance of the forum, labeling it as “one of, if not the largest financial forum in the world.”
The event accommodated 4,500 attendees, with over 4,200 meetings facilitated between corporates and investors, demonstrating the forum’s pivotal role in fostering dialogue and collaboration. The top executive unveiled CMF Connect during the forum, envisioning its evolution into an international platform. Al-Athel emphasized the forum’s commitment to sustainability, unveiling an initiative to plant trees with every listing and membership, contributing to a “Tadawul oasis” on the outskirts of Riyadh. Additionally, the group plans to establish a digital art lab, aligning its brand with themes of art and innovation.As Saudi Arabia’s capital market undergoes dynamic changes, propelled by Vision 2030 initiatives and economic transformation, the Saudi Capital Market Forum stands as a beacon of financial innovation and collaboration, reflecting the Kingdom’s ascendance as a global financial powerhouse.