RIYADH, 12 January 2005 — Tadawul, the sole security, clearing and trading company authorized by the Capital Market Authority (CMA) in Saudi Arabia, will launch its new official website. The new www.tadawul.com will be available for dealers, share holders, business journalists, and other web visitors effective tonight (Wednesday) after the evening market closing session.
“The new bilingual website designed three months ago was subjected to a period of testing and commissioning to ensure its quality and reliability. The frequent operational and technical tests assured efficiency and flexibility required for smooth, fast and safe browsing by the web users,” said Abdullah Al-Sweilem, director general of Tadawul.
Sponsors and stake holders in Tadawul website were able to update information related to market performance, business reports and investment portfolio. Hence the new website became an indispensable information source for businesses, dealers, brokers, the media and all those interested in the Saudi stock market. “Working with guidance and directives from CMA, Tadawul is keen to keep abreast of latest information technology and electronic media applications in publishing the stock market news and information. Tadawul will continue to work closely with CMA to promote their objectives toward the highest standards of disclosure and transparency.” Al-Sweilem ddded.
