Logo ofSaudi Exchange (Tadawul)
The Saudi Exchange (Tadawul) launched the first Saudi Depositary Receipts (SDRs), introducing a new financial instrument that eases access of Saudi capital market investors to foreign equities listed in global capital markets. 
This milestone marked another significant step in positioning the Saudi capital market as a leading global financial hub, Tadawul said in a statement today, July 7.
SDRs, according to Tadawul, should facilitate investors’ access to foreign companies listed on other exchanges, while being able to trade and settle in Saudi Riyals.
In addition, SDRs offer liquidity and flexibility, thus streamlining the transfer of securities between the Saudi capital market and foreign exchanges by enabling the conversion of the SDR into shares in the desired bourse.
Accordingly, investors could trade a company’s shares in two different exchanges.
Logo ofSaudi Exchange (Tadawul)
The Saudi Exchange (Tadawul) launched the first Saudi Depositary Receipts (SDRs), introducing a new financial instrument that eases access of Saudi capital market investors to foreign equities listed in global capital markets.
This milestone marked another significant step in positioning the Saudi capital market as a leading global financial hub, Tadawul said in a statement today, July 7.
SDRs, according to Tadawul, should facilitate investors’ access to foreign companies listed on other exchanges, while being able to trade and settle in Saudi Riyals.
In addition, SDRs offer liquidity and flexibility, thus streamlining the transfer of securities between the Saudi capital market and foreign exchanges by enabling the conversion of the SDR into shares in the desired bourse.
Accordingly, investors could trade a company’s shares in two different exchanges.
