With the establishment of the Saudi Tadawul Group, the former Saudi Stock Exchange and its subsidiaries underwent a major transformation. These capabilities will act as a key driver for the development of the Saudi financial market and the expansion of the group.
A ROBUST PERFORMANCE
2022 AMBITIONS
LOOKING AHEAD
Eng. Khalid Al-Hussan
THE IPO
A NATIONAL CHAMPION AND INTEGRAL TO THE
A DIFFERENTIATED BUSINESS MODEL –
PRIMED TO BE THE CENTER FOR REGIONAL
THE COMPANY HAS DELIVERED A
A SEASONED
LEADERSHIP TEAM WITH A TRACK RECORD OF
INTEGRATED
BUSINESS MODEL
A HAND ON THE TILLER
SIGNIFICANT GROWTH OPPORTUNITIES AHEAD
STAKEHOLDERS
Saudi Tadawul Group’s stakeholders are the individuals and/or organizations who are influenced by the strategies
Concurrent with the transformation to the new Group structure, a refreshed strategy was also launched for the period 2021-25
There is however a continuity between the former strategy and the refreshed strategy with some of the original features being
Growth and diversification
Integrated and connected
Capable and agile
STRATEGY
An important strategic development, which took place in December 2021, is the completion of the IPO of Saudi Tadawul Group. The model comprehensively covered all of the Group's core functions, support services and innovation potential.
OPERATING ENVIRONMENT,
The subsidiaries will be able to react quickly to market trends and at the same time contribute to added value for the group as a whole. The next level in the strategic structure is the strategic pillars, which was also the case in the pre-existing strategy; however, the pillars have undergone some changes with the new group structure, and each of the subsidiaries and the group company have pillars that they are strongly linked to.
MARKET, AND ECONOMY OUTLOOK
It is the culmination of many developments and transformations that the Group's companies have undergone in recent years. The Group's functions are categorized into a number of key processes such as listing, trading, depository, clearing and settlement, and market information etc.
In 2021, the global economy recovered from the slump in 2020
The Group intends to position itself as the recognized center for regional capital formation, and we will leverage the IPO to achieve this goal. The previous strategic plan for the period was also based on value drivers, strategic pillars and strategic initiatives.
The recovery remains uneven across countries and regions,
The resulting enhancement of our image in the eyes of international investors will enable us to be a bridge between the global investor community and regional investors. Our current strategic framework is not a complete break from the previous one, but an evolutionary step.
We have had many achievements during the period of this plan, such as the activation of Muqassa, the launch of derivatives and other new products, partnerships with other exchanges and CSDs, as well as inclusion in global emerging market indices.
GLOBAL ECONOMY
SAUDI ECONOMY
STOCK MARKETS
SAUDI STOCK MARKET
THE SAUDI EXCHANGE IS
USD Tn
USD Tn
USD Tn EURONEXT 7.33 USD Tn SHANGHAI STOCK EXCHANGE
USD Tn
USD Tn
USD Tn
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USD Tn EXCHANGE HK STOCK 5.43 USD Tn
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Emerging markets’
THE EXCHANGE RANKS THIRD AMONG THE LEADING
EMERGING MARKETS IN TERMS OF MARKET CAPITALIZATION
Where we stand
STOCK EXCHANGES IN THE WORLD
THE SAUDI EXCHANGE ACCOUNTS FOR 74.11% OF
GCC STOCK EXCHANGES – MARKET CAPITALIZATION
SAUDI ECONOMY – FUTURE OUTLOOK
Value of shares traded by top five industry groups
CHIEF FINANCIAL OFFICER’S FOREWORD
OPERATION REVIEW
KEY FINANCIAL HIGHLIGHTS INCLUDE
FINANCIAL REVIEW/KEY RATIOS
P&L SNAPSHOT
FINANCIAL POSITION SNAPSHOT
SEGMENTAL REVIEW
CAPITAL MARKETS
POST TRADE
DATA & TECHNOLOGY SERVICES
Segmental Revenue
Segmental Net Income after Zakat
The Group has developed its current products and services in line with the growing demand of the Saudi Stock Exchange and continues to monitor and develop its products and services with the growing demand for them from market participants. Saudi Tadawul Group has the principal ownership of the unified technology and operational strategy of the group.
OPERATIONAL EXCELLENCE
It plays a major role as an information technology intermediary for the Group through its reliance. This centralization enabled the Group to achieve outstanding achievements in 2021, in terms of performance development, scalability, availability and new applications.
Technology and innovation play a key role in the Group’s strategies and operations. The
INITIATIVES TO DRIVE GROWTH
SYSTEM EFFICIENCY AND READINESS
CYBERSECURITY
IT EFFICIENCY & RISK MANAGEMENT
FUTURE OUTLOOK
With the formation of the Group human resources
HUMAN CAPITAL
OVERVIEW OF THE YEAR
The "MUTTASEL" initiative was launched during the year as a remote work option, accessible to all Group employees.
WELL-BEING OF OUR EMPLOYEES
TRAINING AND
DEVELOPMENT OF OUR TEAM
EMPLOYEE ENGAGEMENT
2022 AND BEYOND
TRANSFORMATION IN OPERATIONS
CORPORATE PROJECT MANAGEMENT OFFICE
PROCUREMENT AND FACILITY MANAGEMENT
SHARED SERVICES
CORPORATE MARKETING AND COMMUNICATIONS
CUSTOMER EXPERIENCE
SUBSIDIARY REVIEW
Kingdom of Saudi Arabia, Riyadh
THE EXCHANGE’S KEY FUNCTIONS
IMPACT OF FORMATION OF THE GROUP
HIGHLIGHTS OF THE YEAR
DERIVATIVES MARKET
OUR PROGRESS DURING THE YEAR
TRADING
Other developments in the pipeline are; value-added services for members and their customers, such as skip copying and cancellation on interruption; improvement of interest products and services as well as liquidity;. Several new indices – TASI large, medium and small companies, as well as an IPO index – are being launched.
EDAA’S KEY FUNCTIONS
There have also been many developments in the Nomu marketplace aimed at improving performance and experience for issuers, financial advisors and investors. However, the Exchange has come a long way in recent years, and we can face the future with confidence that we will overcome any challenges.
IMPACT OF FORMATION OF GROUP
With the increasing number of IPOs, it also opens up new opportunities for financial market institutions to diversify their sources of income. The inclusion of Saudi Arabia in FTSE Emerging Markets Government Bond Index (EMGBI) will take effect in April 2022.
The objective to diversify products and asset classes will lead to changes in listing processes. Despite the transformation, Edaa continues to offer post-trade advanced and comprehensive post-trade solutions, making it a complementary business to the Exchange as before.
HIGHLIGHT OF THE YEAR
However, the independence provided by the new structure offers the possibility of branching out into new business lines.
SECURITY LENDING MECHANISM
THE INTRODUCTION OF ICSDS
FUNCTIONS OF MUQASSA
The establishment of Tadawul Advanced Solutions Company (WAMID), a newly established subsidiary focused on solutions and breakthrough technologies, opens new perspectives for Edaa and the other subsidiaries.
HIGHLIGHTS OF THE YEAR
WAMID’S KEY FUNCTIONS
WAMID’S STRATEGIC THRUSTS
THE FUTURE REMAINS INTACT
LOOKING BEYOND THE NUMBERS
RESILIENT PERFORMANCE
However, the risk registers have been updated to take into account the possibility of unprecedented events related to COVID-19, with the relevant controls in place. Cybersecurity controls issued by the National Cybersecurity Authority (NCA) have been put in place to mitigate the threats posed by the activation of the remote configuration to personnel.
OUR CONTRIBUTION TO SUSTAINABILITY
The performance of the market in 2021 is shown by the main market indicators, including the TASI Index, market capitalization, value of traded shares and the number of newly listed companies. The Group has developed and implemented physical security precautions that are in accordance with the instructions given by the Ministry of Health and the Ministry of Human Resources Development.
THE GROUP’S FOCUS ON SUSTAINABILITY
The performance of the MT30 futures market launch which took place in the middle of a bull run in the cash market also demonstrated the robustness of the market. The fact that despite this the Group was able to record an improved financial and operational performance is a tribute to its well-established risk and security management functions.
COMMUNITY
We also make a large financial contribution through Nomu, the parallel market for small and medium-sized enterprises (SMEs).
EDUCATION
ENVIRONMENT
FUTURE DEVELOPMENTS
THE GROUP’S ESG PROGRAMMES
ECONOMY
GOVERNANCE
GOVERNANCE AT SAUDI TADAWUL GROUP
SAUDI TADAWUL GROUP ORGANIZATIONAL STRUCTURE
IMPLEMENTED AND NON-IMPLEMENTED
PROVISIONS OF THE CORPORATE GOVERNANCE REGULATIONS
BOARD OF DIRECTORS BIOGRAPHIES
BOARD OF DIRECTORS
COMPOSITION OF THE BOARD OF DIRECTORS
He also serves as the chairman of the Saudi Exchange, the Securities Depository Center Company (Edaa), the Securities Clearing Center Company (Muqassa), Tadawul Advanced Solutions Company (WAMID), a newly created subsidiary focusing on solutions and pioneering technology, and the Arab Federation of Capital Markets (AFCM). Yousef Al-Benyan is the CEO, Vice Chairman and Board Member, and a member of the Investment Committee in the Saudi Basic Industries Corporation (SABIC) since February 2015.
BOARD OF DIRECTORS MEMBERSHIPS
Previous positions y Non-Executive Chairman, Yanbu National Petrochemical Company (Yansab), a Saudi listed joint stock company. Current Positions y Non-Executive Chairman, Securities Clearing Center Company (Muqassa), a Saudi Closed Joint Stock Company.
BOARD OF DIRECTORS MEETING ATTENDANCE
RESPONSIBILITIES AND POWERS OF THE BOARD
EXECUTIVE MANAGEMENT
OWNERSHIP OF BOARD MEMBERS, SPOUSES AND MINORS
Albuluwi is the Head of Group Internal Audit for the Saudi Tadawul Group and manages the comprehensive internal audit program within the Saudi Tadawul Group and its subsidiaries (Saudi Exchange, Edaa, Muqassa and WAMID). Albuluwi has assumed the role of Group Internal Audit Manager for the Saudi Tadawul Group Internal Audit Department.
RESULTS OF ANNUAL INTERNAL AUDIT
Ensuring compliance with relevant laws and regulations by the company and its employees and recommending appropriate action in case of non-compliance. Assessing proposed contracts and transactions between the Company and related parties and presenting the Committees' opinion thereon to the Board of Directors.
OWNERSHIP OF EXECUTIVE MANAGEMENTS, SPOUSES AND MINORS
Reviewing the results of the monitoring authorities' reports and ensuring that the company has taken the necessary measures in this regard. Ensuring the effectiveness of the procedures that the company follows to protect itself against claims, lawsuits and risks of non-compliance with relevant laws and regulations.
BOARD OF DIRECTORS COMMITTEES
Examining the Company's internal and financial control system and information and information technology systems, ensuring their suitability for carrying out the Company's business and submitting a recommendation to the board of directors in this regard. Review of proposed contracts and transactions between the company and related parties and express the committee's opinion on this to.
AUDIT COMMITTEE
He served as Chairman and Member of the Advisory Board of the Capital Markets Authority (CMA). Omar has contributed to many of the top 100 companies in Saudi Arabia and GCC countries in the areas of Accounting, Auditing, Financial Planning, Business Performance Measurement, Corporate Restructuring, Corporate Governance, Regulatory.
AUDIT COMMITTEE OPINION
He has also served as a fund board member for investment funds in the United States and Saudi Arabia. He also served as chair of the finance department and faculty member at King Saud University and teaches in the finance and investment department at the University of Wisconsin.
AUDIT COMMITTEE MEMBERS
Al-Shuwayer worked at several private and public entities, such as the Ministry of Education in Saudi Arabia, where he was a senior advisor in areas related to investments and financial affairs. Abdulrahman has been a member of the Constitutional Commission of Small and Medium-sized Enterprises since 2020G and a board member of SNB from 2020G.
RISK MANAGEMENT COMMITTEE MEMBERS
AUDIT COMMITTEE MEETING ATTENDANCE
RISK MANAGEMENT COMMITTEE
MEMBERS OF THE NOMINATION AND REMUNERATION COMMITTEE
RISK MANAGEMENT COMMITTEE MEETING ATTENDANCE
NOMINATION AND REMUNERATION
REGULATORY POLICY AND OVERSIGHT COMMITTEE
REGULATORY POLICY AND OVERSIGHT COMMITTEE MEMBERS
COMMITTEE MEETING ATTENDANCE
INVESTMENT COMMITTEE
COMMITTEE MEETINGS
DETAILS OF REMUNERATION
ALLOWANCES FOR MEMBERS TO ATTEND BOARD MEETINGS FOR THE YEAR 2021
REMUNERATION OF COMMITTEE MEMBERS FOR THEIR MEMBERSHIP IN THE BOARD'S COMMITTEES
PAID REMUNERATIONS TO THE TOP FIVE SENIOR EXECUTIVES 2021 (INCLUDING CEO AND CFO)
REMUNERATION OF THE BOARD MEMBERS AND
REMUNERATIONS MECHANISM
RISK MANAGEMENT
OPERATIONAL RISKS
TECHNOLOGY RISKS
CORPORATE RISKS
FINANCIAL RISKS
INFORMATION SECURITY RISKS
BUSINESS CONTINUITY RISKS
BUSINESS ENVIRONMENT RISKS
THE FORMATION OF STG AND GOING PUBLIC
CAPITAL MARKET INFRASTRUCTURE
NAVIGATING THE COVID-19 PANDEMIC
EMPHASIZING CYBERSECURITY
RISK AND GOVERNANCE
BUSINESS OR CONTRACT TO WHICH THE COMPANY IS A PARTY OF AND IN WHICH A DIRECTOR OF THE COMPANY IS OR WAS INTERESTED
STATUTORY PAYMENTS, PENALTIES AND SANCTIONS
PUNISHMENTS AND PENALTIES
OUTLOOK
DISCLOSURE AND TRANSPARENCY POLICY
MEANS OF DISCLOSURE
CLARITY AND VALIDITY OF DISCLOSURES
DIVIDENDS POLICY
PAID DIVIDENDS
FINANCIAL PERFORMANCE FOR 2021 PREPARATION OF THE FINANCIAL STATEMENTS
INCOME STATEMENT
ENTITLEMENT TO DIVIDENDS
BALANCE SHEET
SHAREHOLDER ACCESS TO INFORMATION
LOANS
SHAREHOLDER RIGHTS FAIR TREATMENT OF
RIGHTS RELATED TO SHARES
COMMUNICATING WITH SHAREHOLDERS
PROCEDURE TAKEN TO THE BOARD TO INFORM ITS MEMBERS OF THE SHAREHOLDERS' SUGGESTIONS
GENERAL ASSEMBLY
BOARD OF DIRECTORS DECLARATIONS
INVESTOR RELATIONS
SUBSTANTIAL SHAREHOLDERS
SHARE PRICE PERFORMANCE (SAR)
Type of Investors (%)
Nationalities of Investors (%)
SHAREHOLDERS RECORDS REQUESTS
FINANCIAL CALENDAR*
CONTACTS FOR INVESTOR RELATIONS
TO THE SHAREHOLDERS OF SAUDI TADAWUL GROUP HOLDING COMPANY BASIS FOR OPINION
KEY AUDIT MATTERS
OPINION
INDEPENDENT AUDITORS’
REPORT
KEY AUDIT MATTER
OTHER INFORMATION
SAUDI TADAWUL GROUP ANNUAL REPORT 2021 Independent Auditor's Report Independent Auditor's Report. Saudi Arabian Riyals) For the year ended December 31, 2021.
RESPONSIBILITIES OF MANAGEMENT AND THOSE CHARGED WITH GOVERNANCE
AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE CONSOLIDATED FINANCIAL
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER
COMPREHENSIVE INCOME
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
CONSOLIDATED STATEMENT OF CASH FLOWS
GENERAL
During the year, the Company announced its restructuring which resulted in the transformation of the Saudi Stock Exchange (Tadawul) into a holding company under the name Saudi Tadawul Group Holding Company, a parent company of four wholly owned subsidiaries; Saudi Exchange Company (Exchange), Company Clearing Clearing Center (Muqassa); Securities Depository Center Company (Edaa); These consolidated financial statements include the financial statements of the Company and its subsidiaries (collectively referred to as the "Group").
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
DETAILS OF THE COMPANY’S SUBSIDIARIES
The Company was wholly owned by the Government of the Kingdom of Saudi Arabia (the “Government”) as the ultimate controlling party through the Public Investment Fund (“PIF”). The main activities of the company, after becoming a holding company, are managing and supporting subsidiaries or participating in the management of other companies in which it owns shares, investing its resources in shares and other securities, owning real estate property and other property related to its activities. , providing loans, guarantees and financing to its subsidiaries, and owning and leasing industrial property rights to its subsidiaries or other companies.
GOING CONCERN
BASIS OF PREPARATION 1 STATEMENT OF
Saudi Tadawul Group Holding Company (formerly “Saudi Stock Exchange Company”) (“Tadawul” . or the “Company”) is a Saudi joint stock company registered in the Kingdom of Saudi Arabia under commercial registration number dated 2/12/1428 H (corresponding to December 12, 2007). The Group's main activities through dedicated subsidiaries (given in Note 1.1) are to provide a listing service, create and manage the mechanisms of trading of securities, the provision of depository and registration services for securities ownership, clearing of securities -transactions, dissemination of securities information and engage in any related other activity to achieve the objectives as defined in the Capital Markets Act.
COMPLIANCE
GENERAL (CONTINUED)
- BASIS OF MEASUREMENT
- FUNCTIONAL AND PRESENTATION CURRENCY
- CRITICAL ACCOUNTING ESTIMATES AND
The Company has amended its Articles of Association for potential amendments to bring them into line with the provisions of the Act. As a result, the company presented its amended articles of association to shareholders at its extraordinary general meeting for approval on January 2, 2021, and the extraordinary general meeting approved them.
JUDGMENTS
SUMMARY OF SIGNIFICANT
- CHANGES IN ACCOUNTING POLICIES
SAUDI TADAWUL GROUP ANNUAL REPORT 2021 Notes to the CONSOLIDATED FINANCIAL STATEMENTS Notes to the CONSOLIDATED FINANCIAL STATEMENTS. These consolidated financial statements are presented in Saudi Arabian Riyals (“SAR”), which are functional and.
BASIS OF PREPARATION (CONTINUED)
- STATEMENT OF
SOCPA”) and in accordance with the provisions of the Regulations for Companies in the Kingdom of Saudi Arabia and the Group's by-laws. These consolidated financial statements have been prepared on a historical cost basis, with the exception of financial assets measured at fair value through profit or loss and employee post-employment benefits which are measured at fair value.
COMPLIANCE (CONTINUED)
BASIS OF CONSOLIDATION
ACCOUNTING POLICIES (CONTINUED)
CHANGES IN ACCOUNTING
POLICIES (CONTINUED)
FINANCIAL INSTRUMENTS
All other financial assets and financial liabilities are initially recognized when the Group becomes a party to the contractual provisions of the instrument. A financial asset (unless it is a receivable without a significant financing component) or financial liability is initially measured at fair value plus or minus an item not at fair value through profit or loss, transaction costs directly attributable to its acquisition. or a question.
FINANCIAL ASSETS AT AMORTIZED COST
FINANCIAL ASSETS AT FVOCI
FINANCIAL ASSETS AT FVTPL
FINANCIAL ASSETS – BUSINESS MODEL
FINANCIAL ASSETS – ASSESSMENT WHETHER
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) 3 FINANCIAL INSTRUMENTS (CONTINUED)
Instead, the Group may choose to provide for the expected losses based on lifetime expected losses. The Group assumes that the credit risk on a financial asset has increased significantly if it is more than 30 days overdue.
MEASUREMENT OF ECLs
For trade receivables without a significant financing component, the Group is obliged to follow ECL during the term. In determining whether the credit risk of a financial asset has increased significantly since initial recognition and in estimating expected credit losses, the Group considers reasonable and supportable information that is relevant and available without undue cost or effort.
PRESENTATION OF ALLOWANCE FOR ECL
If the credit risk of the financial instrument has not increased significantly since its inception, an amount equal to the expected loss over twelve months will be provided. This includes both quantitative and qualitative information and analyses, based on the Group's historical experiences and a substantiated credit assessment, including forward-looking information.
WRITE-OFF
PROPERTY AND EQUIPMENT
The cost of replacing a part of a fixed asset is recognized in the book value of the asset if it is probable that future economic benefits from the part will flow to the group and its purchase value can be reliably measured. The costs of ongoing maintenance of operating fixed assets are recognized in the profit and loss when incurred.
DEPRECIATION
- INTANGIBLE ASSETS
- IMPAIRMENT OF NON-FINANCIAL ASSETS
- INVESTMENTS IN EQUITY-ACCOUNTED
- DEPOSITS WITH THE SAUDI CENTRAL BANK
- CASH AND CASH EQUIVALENTS
- MARGIN DEPOSITS FROM CLEARING
- MEMBERS’
At each reporting date, the Group determines whether there is any objective evidence that the investment is in the associated impairment. The Group receives margin deposits from its clearing members as security in connection with the outstanding derivative contracts between the Group and its members.
CONTRIBUTIONS TO CLEARING HOUSE FUNDS
PROVISIONS
In addition, the Group has also made an initial deposit as required by the Capital Market Authority (“CMA”). These deposits are valued at amortized cost and are not available for use by the Group in its daily operations.
EMPLOYEES’
After applying the equity method, the Group determines whether it is necessary to recognize a loss due to the impairment of an investment in an associated company. If such evidence exists, the Group calculates the amount of impairment as the difference between the associate's recoverable amount and its book value and recognizes the loss in profit or loss.
END-OF-SERVICE BENEFITS LIABILITY
REVENUE RECOGNITION
Liquid assets include liquid holdings, cash in banks on current accounts and other short-term liquid investments with an original maturity of three months or less, and which are subject to an insignificant risk of any changes in value, which are available to the group without restrictions. The obligation to repay margin deposits is recognized and presented as margin deposits from clearing participants under short-term liabilities.
END-OF-SERVICE BENEFITS LIABILITY (CONTINUED)
CAPITAL MARKETS
SAUDI TADAWUL GROUP ANNUAL REPORT 2021 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS. Saudi Arabian Riyals) For the year ended December 31, 2021. At the same time, the Group acts as an agent to collect fees due to CMA from trading participants and transfer them to the regulator on a periodic basis.
POST TRADE
DATA AND
TECHNOLOGY SERVICES
DIVIDEND INCOME
SPECIAL COMMISSION INCOME
- EXPENSES
- FOREIGN CURRENCY TRANSACTIONS
- ZAKAT
- CONTINGENT LIABILITIES
- FAIR VALUE MEASUREMENT
CONTINUED)
RIGHT-OF-USE ASSETS AND LEASE LIABILITIES
The Group recognizes a right-of-use asset and a lease liability at the lease commencement date. In addition, the right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability.
SHORT-TERM LEASES AND LEASES OF LOW-VALUE
CURRENT VERSUS NON-CURRENT
The right-of-use asset is initially measured at cost, which includes the initial amount of the lease liability adjusted for any lease payments made on or before the effective date, plus any initial direct costs incurred per and an estimate of costs to decommission and remove the underlying asset or restore the underlying asset or the site where it is located, less any lease incentives received. The lease liability is initially measured at the present value of the lease payments that have not been paid at the start date, discounted at the interest rate implicit in the lease contract or, if this interest cannot be immediately calculated, the group's incremental debtor interest.
CLASSIFICATION
PROPERTY AND EQUIPMENT
CAPITAL WORK-IN-PROGRESS
- INTANGIBLE ASSETS
- PROPERTY AND EQUIPMENT (CONTINUED)
- EQUITY-ACCOUNTED INVESTEE
- INTANGIBLE ASSETS (CONTINUED)
- INVESTMENTS
- EQUITY-ACCOUNTED INVESTEE (CONTINUED)
- INVESTMENTS AT AMORTIZED COST
- INVESTMENTS (CONTINUED)
- INVESTMENTS AT FAIR VALUE THROUGH PROFIT OR LOSS (“FVTPL”)
- RIGHT-OF-USE ASSETS
- ACCOUNTS RECEIVABLE
- PREPAID EXPENSES AND OTHER CURRENT ASSETS
- DEPOSITS WITH SAUDI CENTRAL BANK (SAMA)
- CASH AND CASH EQUIVALENTS
- GENERAL RESERVE
- EMPLOYEES’ END-OF-SERVICE BENEFITS LIABILITY
- PRINCIPAL ACTUARIAL ASSUMPTIONS
This represents the Group's share of the investment in Tadawul Real Estate Company (“the Associate”), a company incorporated in the Kingdom of Saudi Arabia, where the Company has voting influence. The legal reserve in the consolidated annual accounts is the legal reserve of the Company.
DISCOUNT RATE USED
SALARY INCREASES
EMPLOYEES’ END-OF-SERVICE BENEFITS LIABILITY (CONTINUED)
TURNOVER
- MATURITY PROFILE OF THE DEFINED BENEFIT LIABILITY
- SENSITIVITY ANALYSIS
- EMPLOYEES’ END-OF-SERVICE BENEFITS LIABILITY (CONTINUED) 3 PRINCIPAL ACTUARIAL ASSUMPTIONS (CONTINUED)
- RISKS ASSOCIATED WITH DEFINED BENEFITS PLAN
- LEASE LIABILITY
- MARGIN DEPOSITS FROM CLEARING PARTICIPANTS
- MEMBERS’ CONTRIBUTION TO CLEARING HOUSE FUNDS
- ACCOUNTS PAYABLE
- BALANCE DUE TO CAPITAL MARKET AUTHORITY
- DEFERRED REVENUE
- MARGIN DEPOSITS FROM CLEARING PARTICIPANTS (CONTINUED)
- ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
- ZAKAT PAYABLE
- OPERATING REVENUE
- ZAKAT PAYABLE (CONTINUED)
- GENERAL AND ADMINISTRATIVE EXPENSES
- IMPAIRMENT REVERSAL/(LOSS) ON FINANCIAL ASSETS
- INVESTMENT INCOME
- BASIC AND DILUTED EARNINGS PER SHARE
- CONTINGENCIES AND COMMITMENTS
- TRANSACTIONS WITH RELATED PARTIES
- CONTINGENCIES AND COMMITMENTS (CONTINUED)
- TRANSACTIONS WITH RELATED PARTIES (CONTINUED) 1 (CONTINUED)
- TRANSACTIONS WITH RELATED PARTIES (CONTINUED)
- SEGMENT INFORMATION
This represents the amount of lease obligations in accordance with IFRS 16 for the Group's leased offices. In regular business operations, the Group does business with related parties.
DATA AND TECHNOLOGY SERVICES
The activities of this segment include trading commissions for securities and derivatives, entry fees for initial listing and further capital raisings, annual fees charged for securities traded on the Group's markets, and fees for our secondary market services. The activities of this segment include the registration of investment portfolios in the filing and settlement system, the registration and archiving of their ownership, the transfer, settlement, clearing and custody of the ownership thereof, the recording of any ownership restrictions on the file securities, and the dealing with market members. and settlement agents to the reporting and settlement system.
CORPORATE
SEGMENT INFORMATION (CONTINUED) 1 (CONTINUED)
SEGMENT INFORMATION (CONTINUED) 2 (CONTINUED)
In order to ensure comparability with the amounts disclosed in the previous year's annual financial statements, a reconciliation is provided below:
FINANCIAL INSTRUMENTS AND RISK MANAGEMENT
SEGMENT INFORMATION (CONTINUED)
RISK MANAGEMENT FRAMEWORK
RISK MANAGEMENT STRUCTURE
SENIOR MANAGEMENT
MARKET RISK
PRICE RISK
FINANCIAL INSTRUMENTS AND RISK MANAGEMENT (CONTINUED)
182 A 1% change in the redemption prices and quoted prices of the investments, holding all other variables constant.
CURRENCY RISK
COMMISSION RATE RISK
CREDIT RISK
FINANCIAL INSTRUMENTS AND RISK MANAGEMENT (CONTINUED) 1 MARKET RISK (CONTINUED)
CASH AND CASH EQUIVALENTS
INVESTMENTS AT AMORTIZED COST
DEPOSITS WITH SAMA
ACCOUNT RECEIVABLES
ACCRUED OPERATIONAL REVENUE
ADVANCE TO EMPLOYEE
ADVANCE FOR PURCHASE OF PROPERTY
OTHER RECEIVABLES
- FINANCIAL INSTRUMENTS AND RISK MANAGEMENT (CONTINUED) 2 CREDIT RISK (CONTINUED)
- CONCENTRATION OF CREDIT RISK
- OPERATIONAL RISK
- LIQUIDITY RISK
- FAIR VALUE OF FINANCIAL INSTRUMENTS
- FINANCIAL INSTRUMENTS AND RISK MANAGEMENT (CONTINUED) 5 LIQUIDITY RISK (CONTINUED)
- FAIR VALUE OF FINANCIAL INSTRUMENTS (CONTINUED) 35. SUBSEQUENT EVENTS
- DIVIDEND
- APPROVAL OF THE CONSOLIDATED FINANCIAL STATEMENTS
Compliance with the Group's standards is supported by a program of periodic reviews undertaken by internal audit. The fair value of all other/remaining financial assets and liabilities not mentioned below is approximated to their book value.
GLOSSARY
CORPORATE INFORMATION
NAME
REGISTERED LOGO
LEGAL FORM
SUBSIDIARY COMPANIES
AUDITORS
HEAD OFFICE/REGISTERED OFFICE
