RIYADH, 12 December, 2019

The Saudi Stock Exchange (Tadawul) celebrated the listing of Saudi Aramco’s shares on its Main Market. The ceremony was held at the Fairmont Hotel in Saudi Arabia’s capital, Riyadh, in the presence of HE Yasir Al-Rumayyan, Chairman of Aramco; Sarah Al Suhaimi, Chairperson of Tadawul; Eng. Ameen Al Nasser, CEO of Aramco; Eng. Khalid Al Hussan, CEO of Tadawul; and other high-ranking officials. Eng. Khalid Al Hussan commented: “The Aramco listing is a significant moment in Tadawul’s journey and bolsters our position among international stock exchanges. It also reinforces our status as one of the largest equity markets in the world. This national achievement is testament to the effective collaboration between Tadawul, Aramco and the Capital Market Authority of Saudi Arabia.” He added: “Today is a momentous occasion as the world turns its attention to Saudi Arabia for the largest IPO in the history of global capital markets. We would like to congratulate Aramco on their successful IPO and express our pride that Tadawul was chosen as the venue for the listing of its shares.” Tadawul successfully delivered market capacity and trading system upgrades over the past two years to accommodate the significant increase in trading activity and potentially large IPOs associated with listings like Aramco’s. This has contributed to cementing Tadawul’s reputation as a world-class stock exchange from both a technology and infrastructure perspective, in line with international best practices. Today’s event marks a major milestone in the history of the Saudi capital market. Tadawul’s total market capitalization increased from USD 509 billion to USD 2.3 trillion, boosting the exchange’s position from the top 10 largest stock exchanges in the world.

Eng. Khalid Al Hussan, CEO of Tadawul commented:

” The Aramco listing is a significant moment in Tadawul’s journey and bolsters our position among international stock exchanges. It also reinforces our status as one of the largest equity markets in the world. This national achievement is testament to the effective collaboration between Tadawul, Aramco and the Capital Market Authority of Saudi Arabia. “