What this page covers

Track ESG disclosure compliance across GCC stock exchanges. Monitor which companies meet DFM, ADX, ASE, and other exchange mandates for environmental, social, and governance reporting.

SouqData covers 11 GCC + MENA exchanges (TDWL, DFM, ADX, QSE, BK, MSX, BHB, ASE, BIST, ISX, EGX). Coverage depth varies by exchange and data category — gaps are surfaced in the page's data displays rather than hidden. Underlying data refreshes daily via an automated pipeline; per-exchange ingestion runs on filing-driven cadences.

ESG Mandate Readiness Tracker

Monitor ESG disclosure compliance across GCC stock exchanges. Track which listed companies meet exchange-mandated environmental, social, and governance reporting requirements.

Total Companies

146

Compliant

9

Partial

12

Non-Compliant

0

Exempt

0

Compliance by Exchange

ADX

19.1%adoption
6 compliant3 partial38 gaps

DFM

18.5%adoption
2 compliant3 partial22 gaps

TDWL

0.0%adoption
0 compliant0 partial21 gaps

MSX

0.0%adoption
0 compliant0 partial11 gaps

QSE

27.3%adoption
0 compliant3 partial8 gaps

BK

10.0%adoption
0 compliant1 partial9 gaps

BHB

25.0%adoption
1 compliant1 partial6 gaps

ASE

16.7%adoption
0 compliant1 partial5 gaps

EGX

0.0%adoption
0 compliant0 partial5 gaps

GCC ESG Regulation Timeline

2022

DFM

Dubai Financial Market mandates ESG disclosure for all listed companies, requiring annual sustainability reports aligned with GRI or equivalent frameworks.

2022

ADX

Abu Dhabi Securities Exchange introduces ESG disclosure guidelines, encouraging listed entities to publish sustainability metrics alongside annual reports.

2023

Boursa Kuwait

Boursa Kuwait launches voluntary ESG reporting guide, with phased mandatory requirements planned for Premier Market issuers.

2023

QSE

Qatar Stock Exchange publishes ESG guidance aligned with ISSB standards, targeting mandatory adoption for large-cap issuers by 2025.

2024

Tadawul

Saudi Exchange (Tadawul) requires listed companies to publish ESG disclosures under CMA Sustainability Reporting Rules, phased by market cap.

2024

ASE

Amman Stock Exchange introduces ESG reporting framework aligned with national green economy objectives and Jordan Securities Commission directives.

2025

MSM

Muscat Stock Exchange aligns ESG requirements with Oman Vision 2040, requiring phased sustainability disclosures for all listed companies.

2025

BHB

Bahrain Bourse adopts ESG reporting framework in line with Central Bank of Bahrain sustainable finance guidelines.

Company ESG Disclosure Status

TickerCompanyExchangeYearStatusFrameworkScope 1+2 (tCO2e)Board Female %Independence %
Riyad BankTDWL2022Exempt
Saudi Awwal BankTDWL2024Exempt
Arab National BankTDWL2024Exempt
Al Rajhi BankTDWL2021Exempt
Alinma BankTDWL2022Exempt
Saudi National BankTDWL2024Exempt
Saudi Arabian Mining Co.TDWL2023ExemptCMA Corporate Governance Regulations
Saudi Basic Industries Corp.TDWL2024Exempt0.0%33.3%
SABIC Agri-Nutrients Co.TDWL2024Exempt
ACWA PowerTDWL2024Exempt20,990,000
Saudi Arabian Oil Co.TDWL2022ExemptWorld Resources Institute (WRI) and World Business Council for Sustainable Development (WBCSD) GHG protocol guidelines20.0%50.0%
Yanbu National Petrochemical Co.TDWL2024Exempt
Two Point Zero Group PJSCADX2024ExemptGRI Standards, ADX ESG Disclosure Guidance
Jamjoom Pharmaceuticals Factory Co.TDWL2024Exempt
National Shipping Co. of Saudi ArabiaTDWL2024ExemptISO 14001, ISO 50001
Nahdi Medical CompanyTDWL2024ExemptISO 140012,568
Jarir Marketing Co.TDWL2022ExemptGlobal Reporting Initiative
Dar Al Arkan Real Estate Development Co.TDWL2024Exempt
Americana Restaurants International PLCTDWL2024Exempt
Saudi Telecom Co.TDWL2024Exempt
Company for Cooperative InsuranceTDWL2023Exempt
Bupa Arabia for Cooperative Insurance Co.TDWL2025Exempt
Arab Banking Corporation B S CBHB2023Exempt
Al Ahli Bank Of KuwaitBK2024Exempt8,102.95
Abraj Energy ServicesMSX2024Exempt
Abu Dhabi Commercial BankADX2023CompliantGRI29,88722.2%55.6%
Abu Dhabi Islamic BankADX2025Exempt
Abu Dhabi National Hotels Co.ADX2024Exempt
A D N H Catering plcADX2024Exempt
Abu Dhabi National Insurance CompanyADX2023Exempt
ADNOC Drilling Company PLCADX2024Exempt
ADNOC Drilling Company PJSCADX2024ExemptADX ESG Guide
ADNOC Gas plcADX2024ExemptADX ESG Disclosure Guidelines, GRI Sustainability Reporting Standards
ADNOC Logistics & Services plcADX2024ExemptADX ESG Guidelines, GRI Standards, SASB
Abu Dhabi Ports Company PJSCADX2023Exempt
Agility Global PLCADX2023Exempt
AGTHIA GroupADX2023Exempt
Aamal Company Q.S.C.QSE2024ExemptQSE ESG Guide
Air Arabia PJSCDFM2024ExemptGRI Standards, DFM ESG disclosure guidance, UAE Vision 2021
Ajman Bank PJSCDFM2024ExemptDFM Sustainability Reporting Guidance, GRI 20212,231
Aluminium Bahrain B.S.CBHB2023CompliantGRI1,876,00060.0%
Al Dar PropertiesADX2024ExemptGRI Standards, United Nations Sustainable Development Goals (SDGs), Dubai Financial Market (DFM) ESG Guidance, UAE Vision 2024
Alpha Dhabi Holding PJSCADX2023ExemptGRI Standards 2021, ADX ESG Guide
Amanat Holdings PJSCDFM2024Exempt48.47
Americana Restaurants International PLCADX2024Exempt
Aram GroupADX2024ExemptGRI Standards, ISO 14001, ISO 45001, ISO 50001, GHG Protocol, UAE ESG Regulations
Arab Bank PLCASE2023PartialGRI27.0%67.0%
Aramex PJSCDFM2023PartialDFM ESG Reporting Guide
Asyad Shipping CompanyMSX2024ExemptOman Investment Authority governance standards
ATTAASE2024Exempt
Bank NizwaMSX2024Exempt
Bank of Bahrain and Kuwait B.S.C.BHB2024Exempt
Bahrain National Holding Company BSCBHB2025ExemptGHG Protocol1.7
Borouge PLCADX2023CompliantGRI5,140,00025.0%60.0%
Boubyan Bank K.S.C.BK2024Exempt
BURJEEL HOLDINGS PLCADX2024ExemptBurjeel Holdings ESG Strategy (4 pillars: Healthy Environment, Healthy Community, Healthy Governance, Healthy System)
Commercial Bank of Dubai(PSC)DFM2023PartialDFM ESG Reporting Guide20.0%60.0%
Commercial Bank InternationalADX2024ExemptGRI, SASB1,147
Commercial Bank of Kuwait K.S.C.BK2023PartialGRI20.0%67.0%
QALA For Financial InvestmentsEGX2024ExemptTCFD
DAMAC Properties Dubai Co. PJSCDFM2023PartialDFM ESG Reporting Guide
DANA GAS PJSCADX2024Exempt273,268
Dubai Electricity and Water Authority (PJSC)DFM2023CompliantDFM ESG Reporting Guide18,900,00020.0%60.0%
Dubai Financial Market (DFM) - PJSCDFM2024Exempt
Doha BankQSE2023PartialGroup ESG Policy and Sustainable Finance Framework (aligned with ICMA Green Bond Principles and UN SDGs)22.0%67.0%
Dubai Islamic Bank PJSCDFM2024Exempt9,224.54
Dubai Investment (P.J.S.C)DFM2024ExemptGRI Standards, ADX ESG Guide
Dubai Refreshment Company P.J.S.CDFM2023ExemptDFM ESG Guide, GRI sustainability reporting standards18,189
Dubai Taxi Co. PJSCDFM2024ExemptGRI Standards, SASB Standards, DFM ESG Metric Recommendations248,684
Emirates Integrated Telecommunications Company PJSCDFM2023CompliantGRI419,00022.0%67.0%
Dukhan Bank Q.P.S.C.QSE2023Exempt
Emirates Telecom. Group Company (Etisalat Group) PJSCADX2023CompliantGRI1,490,00020.0%67.0%
Ferchem Misr Co. for Fertilizers & ChemicalsEGX2024Exempt
Emirates Investment Bank PJSCDFM2023Exempt
Emaar Properties (P.J.S.C)DFM2024ExemptGRI Standards1,100,79311.1%44.4%
Emirates NBD Bank (P.J.S.C)DFM2024Exempt
Emirates Central Cooling Systems Corporation PJSCDFM2023Exempt
EMSTEEL BUILDING MATERIALS PJSCADX2024Exempt
Emirates NBD Bank PJSCDFM2024Exempt
Emirates Telecommunications Group Company PJSCADX2023CompliantGRI1,542,00033.0%67.0%
Export Development Bank of EgyptEGX2024Exempt
First Abu Dhabi BankADX2024ExemptADX ESG Guide34,253
Fujairah Cement IndustriesADX2024ExemptISO 14001-2015, ISO 45001-2018, ISO 27001-20131,906,364
Fertiglobe plcADX2023CompliantGRI11,080,00020.0%60.0%
Fertiglobe PLCADX2023CompliantGRI5,480,00025.0%67.0%
Galfar Engineering & ContractingMSX2024Exempt
GFH Financial Group BSCBHB2024Exempt
Gulf Hotels GroupBHB2024Exempt
Investcorp Capital PLCADX2024ExemptADX ESG Disclosure Guidelines, SASB Standards2,410.6
Insurance HouseADX2024Exempt
Jordan Kuwait BankASE2024Exempt
Jordan Telecom Group (Orange)ASE2023Exempt
Jordan TelecomASE2024Exempt
Gulf Pharmaceutical IndustriesADX2023Exempt
Kuwait Finance House K.S.C.BHB2023PartialGRI20.0%67.0%
Kuwait International Bank KSCBK2024ExemptGlobal Reporting Initiative (GRI)
Majan CollegeMSX2024ExemptGRI Standards23.63
AlRayan BankQSE2023Exempt
Mashreqbank PSCDFM2024ExemptGHG Protocol20,353.55
Agility Public Warehousing Co. K.S.C.BK2022Exempt
Muscat City DesalinationMSX2024ExemptMSX ESG Guideline165,749.06
National Bank of Bahrain BSCBHB2024ExemptISO 140016,597.7
National Bank of Kuwait K.S.C.BK2024ExemptGroup ESG Strategy (2023)
National Bank Of OmanMSX2024Exempt
National Bank of Umm Al QaiwainADX2024Exempt2,126.23
NMDC Group PJSCADX2024Exempt
NMDC Energy P.J.S.C.ADX2024ExemptGHG Protocol392,983.28
Oman Emirates HoldingMSX2025ExemptADX ESG Disclosure Guidance, GRI Standards 2021
National Mobile Telecommunications Company K.S.C.BK2023Exempt
OQ Gas NetworksMSX2024Exempt
Orascom Construction PLCADX2024Exempt
Ooredoo Q.P.S.CQSE2024Exempt
Parkin Co. PJSCDFM2024Exempt67
PHOENIX GROUP PLCADX2024Exempt
Presight AI Holding PLCADX2024ExemptPresight ESG Framework (approved by Board of Directors 2024)
Qatar Insurance Co.QSE2024ExemptUNEP-FI PSI
Qatar Fuel-Woqod QSCQSE2024Exempt16,675
Qatar Islamic BankQSE2023Partial
Qatar National Bank QPSCQSE2023PartialGRI20.0%80.0%
Qatar Navigation QSCQSE2023Exempt
RAK Properties PJSCADX2024ExemptGRI Standards and ADX ESG Disclosure Guidance
The National Bank of Ras Al KhaimahADX2023PartialDFM ESG Reporting Guide20.0%60.0%
RAK Ceramics PJSCADX2023PartialDFM ESG Reporting Guide
RAPCO Investment PJSCADX2024ExemptADX ESG Guide
Islamic Arab Insurance Co. (Salama)DFM2023Exempt
Salik Company PJSCDFM2024Exempt
Al Baraka Bank EgyptEGX2024ExemptCBB ESG Disclosure Guidelines, UN SDGs
Senergy Holding Company (K.S.C.P)BK2023Exempt
Sharqiyah Desalination CompanyMSX2024ExemptGRI Standards, MSX ESG guidelines
Sharjah Islamic BankADX2023PartialADX ESG Disclosure Requirements22.0%67.0%
Safwa Islamic BankASE2024Exempt
SPACE42 PLCADX2024ExemptADX ESG Disclosure Guidance, Yahsat Space Services ESG Policy8,375
Kuwait Telecommunications Co.BK2023Exempt
Taaleem Holdings PJSCDFM2023ExemptUN Sustainable Development Goals, Global Reporting Initiative (GRI) Standards, UAE Net Zero 2050
National Central Cooling Co. (P.S.C.) (Tabreed)DFM2024Exempt
Takaful Emarat - Insurance (PSC)DFM2023Exempt
Talabat Holding PlcDFM2024Exempt10,437
Taaleem Management Services S.A.EEGX2024Exempt
Abu Dhabi National Energy CompanyADX2024ExemptADX ESG Guide49,180,000
TECOM Group PJSCDFM2024Exempt32,200
United Arab BankADX2024ExemptADX ESG Guide2,245.92
Vodafone Qatar QSCQSE2023Exempt
Voltamp EnergyMSX2024ExemptGHG Protocol, MSX ESG Disclosure Guidelines2,757
Waha Capital CompanyADX2024ExemptSustainability Policy
Al Yah Satellite Communications Company PJSCADX2023Exempt
Mobile Telecommunications Company K.S.C.PBK2024Exempt

Methodology

ESG mandate readiness is assessed by comparing each company's published sustainability disclosures against the specific requirements of their listing exchange. Each GCC exchange has different timelines and stringency levels for ESG reporting.

Compliant: The company publishes a standalone sustainability report or integrated report that meets all exchange-mandated disclosure requirements, typically aligned with GRI, ISSB, or equivalent frameworks.

Partial: The company discloses some ESG metrics (e.g., emissions, diversity, safety) but does not fully satisfy all exchange requirements or lacks a structured framework alignment.

Non-Compliant: The company has not published any meaningful ESG disclosures despite being subject to exchange mandates.

Exempt: The company is not yet subject to mandatory ESG disclosure, typically due to market cap thresholds or phased adoption schedules.

Emissions data covers Scope 1 (direct) and Scope 2 (electricity/energy) greenhouse gas emissions measured in tonnes of CO2 equivalent (tCO2e). Governance metrics include board gender diversity and independence ratios extracted from annual reports.

Related Insights

This analysis is based on available data and disclosed methodology. Our models estimate outcomes using specific inputs and assumptions — the methodology is described on this page. Observations may not account for all relevant factors. This content is provided for educational and informational purposes only.

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