RIYADH (S&P Global Ratings) May 6, 2025--The Saudi Exchange, Tadawul is by far the largest equity market in the Middle East. That said, it remains dominated by large government-related-entity issuers and has relatively low, albeit gradually increasing, trading volumes and foreign participation compared to other major global equity markets. In our report "Tadawul On The Rise: Saudi Arabia's Investment Plans Fuel Growth," published today on RatingsDirect, S&P Global Ratings looks at growth prospects for the exchange, with its $2.7 trillion market capitalization at year-end 2024. "Saudi Arabia's ongoing initiatives to improve market liquidity and increase foreign shareholdings on Tadawul, such as a new investment law and pension fund reforms, should help grow portfolio inflows," said S&P Global Ratings credit analyst,
