Saudi Exchange (Tadawul) Corporate Governance
TDWLتداول السعودية
Saudi Arabia · SAR · Regulated by Capital Market Authority (CMA)
Governance Framework
Key Requirements
- Majority independent board members
- Separation of CEO and Chairman roles
- Audit, remuneration, and nomination committees mandatory
- Annual disclosure of board member qualifications and attendance
- Related party transaction approval by independent members
Companies Scored
380/385
Avg Governance Score
23.4/100
Avg Board Independence
3.2%
Avg Board Size
5.4
Governance Grade Distribution
Top Governed Companies
Highest governance scores on Saudi Exchange (Tadawul)
9596
6015
2285
9617
2330
4002
4013
4280
1180
2084Weakest Governance
Lowest governance scores on Saudi Exchange (Tadawul) — areas for improvement
9563
4016
2286
2283
2284
2010
6013
9576
9645
9626Cross-Exchange Comparison
How Saudi Exchange (Tadawul) compares to the GCC-wide average governance score
Saudi Exchange (Tadawul) scores 6.9 points below the GCC-wide average.
Our model generates scores and ratings using fully disclosed methodologies based on available data. These are quantitative analytical tools — not recommendations. They may not capture all relevant factors, and past performance is not indicative of future results. Users should review the methodology, assess the inputs, and exercise independent judgement.
Sources: Saudi CMA Corporate Governance Regulations (2017), SouqData governance scoring engine, Director appointment records. Full data sources.