Page 144 - ALEF EDUCATION PR REPORT MARCH 2025

3/21/25, 2:51 PM Arab equity market cap declines 4.1 percent to $4.38 trillion in 2024
The report also revealed that the total number of trades reached 175.2 million transactions, up
by 35.9 percent compared to the previous year, and the total number of traded volumes reached
1.434 trillion shares during the year 2024, up 21.3 percent annually.
Read: Abu Dhabi’s Tabreed issues $700 million inaugural five-year green sukuk
Saudi Arabia dominates Arab equity market
Saudi Arabia’s Tadawul maintained its position as the Arab world’s leading stock exchange last
year, making up 62 percent of the total market capitalization. The Abu Dhabi Securities
Exchange followed with a distant 18.6 percent share while the Dubai Financial Market came in
third, with a share of 5.6 percent. In fourth and fifth place came the Qatar Stock Exchange at
3.9 percent and Boursa Kuwait at 3.2 percent.
Saudi Arabia’s Tadawul posted marginal gains of 0.6 percent in 2024 mainly due to
geopolitical tensions in the region that impacted crude oil prices. During the second half of the
year, the index was mainly supported by the secondary listing of Aramco shares which raised
approximately $11.6 billion.
Saudi Arabia also dominated Arab IPO activity in 2024, with 15 IPOs on Tadawul’s Main
Market and 28 IPOs on the Nomu-Parallel Market, marking a total of 43 IPOs over the year, up
from 35 IPOs in 2023.
Meanwhile, the Abu Dhabi Securities Exchange recorded a 1.7 percent fall in its general index
in 2024, marking the second consecutive year of decline for the index after a drop of 6.2
percent in 2023. However, the total market capitalization of companies listed on the exchange
increased marginally by 1.2 percent to $816.5 billion, primarily due to the listing of new
companies such as Lulu, NMDC Energy, Alef Education and ADNH Catering.

https://economymiddleeast.com/news/arab-equity-market-cap-declines-4-1-percent-to-4-38-trillion-in-2024/ 2/2