Press Release

SAUDI STOCK EXCHANGE (TADAWUL) AND THE FUTURE INVESTMENT INITIATIVE INSTITUTE SIGN MOU TO COOPERATE ON ENVIRONMENTAL, SOCIAL AND GOVERNANCE

  • MoU signed during 4th Edition of the Future Investment Initiative in Riyadh
  • MoU will advance ESG awareness and performance In the Kingdom
  • 4th Edition of FII is a multi-hub conference platform for expert-led debate

Riyadh, Jan. 28th, 2021 - The Saudi Stock Exchange (Tadawul) and the Future Investment Initiative Institute (FII-Institute) signed a Memorandum of Understanding (MOU) to cooperate on Environmental, Social and Governance (ESG) in an effort to advance ESG awareness and improve performance in the Kingdom.

The agreement entails publishing research, hosting events and engaging with key stakeholders to advance ESG impact in Saudi Arabia.

Eng. Khalid Abdullah Al Hussan, CEO of Tadawul, and Richard Attias, CEO of the FII-Institute signed the MoU at the Fourth Edition of the Future Investment Initiative (FII) in Riyadh, an international platform for expert-led debate between global leaders, investors and innovators.

"The agreement we signed with the FII-Institute comes at a critical juncture. The pandemic has highlighted how interconnected our markets, economies and lives are, positioning inclusive and sustainable growth at the forefront of leadership agendas. We, at Tadawul, recognize the importance of ESG for the enhancement of Saudi Arabia's capital market and are delighted to be working with the FII-Institute and its strong platform to further promote ESG across Saudi Arabia, the region and beyond." Commented Eng. Khalid Al-Hussan, Tadawul's CEO.

“We are very pleased to enter into an MoU with Tadawul to enhance our engagement and cooperation on ESG,’’ Mr. Attias said. ‘’This agreement reflects the FII-Institute’s commitment to advance ESG awareness and performance in the region and work with key stakeholders to advance our common sustainability objectives.”

The Fourth Edition of FII is a multi-hub conference, with the theme of “The Neo-Renaissance”, that links leaders, investors, and policymakers on site and in telepresence as they reimagine the global economy amid the Covid-19 pandemic.

The FII-Institute is an international not-for-profit organization based in Riyadh, mandated to transform innovative research/projects into actionable solutions that tackle major societal issues.

ENDS


About Tadawul

Saudi Stock Exchange (Tadawul) is the authorized entity in the Kingdom of Saudi Arabia to act as the Kingdom’s securities exchange (the Exchange), listing and trading in securities. The Saudi stock market is the 9th largest stock market among the 68 members of the World Federation of Exchanges and is the dominant market in the Gulf Cooperation Council (GCC). The Exchange is the 3rd largest stock market amongst its emerging market peers. Tadawul’s market capitalization by the end of 2020 exceeded USD 2.4 Trillion, making it one of the top 10 stock exchanges globally.

For more information see: www.tadawul.com.sa

Tadawul's media contact: Asma Alghamdi [email protected]

About the 4th Edition of FII

The main program will be livestreamed from Riyadh. Speakers will be filmed and broadcast across all satellite FII cities and on live-streaming platforms.

There will be keynote addresses, plenary sessions and also breakout discussions at all of the venues.

Follow along on our social channels with Twitter, LinkedIn, YouTube, Facebook, and Instagram and join in the conversation with #FIINeoRenaissance.

About the Future Investment Initiative Institute

The Future Investment Initiative Institute is a new generation of global not-for-profit foundation that ensures the world's brightest ideas find their way to materialize, scale and create positive sustainable Impact on Humanity.

With an ambitious vision to empower the brightest minds to shape a better future for ALL and with ALL, the FII Institute brings together global leaders and experts to collectively curate and enable concrete ideas that can solve today's most pressing societal issues while creating long-term platforms to reshape the future of humanity.

To learn more about the FII Institute, visit http://fii-institute.org. Keep up with latest news by following us on LinkedIn and Twitter (@FIIKSA).

Media General Inquiries Contact: [email protected]