CEO Today Middle East Awards

SAUDI ARABIA www.ceotodaymagazine.com 54 CEO Today Middle East Awards 2018 KHALID ABDULLAH AL HUSSAN CEO of Tadawul FIRM PROFILE On the 19th of March 2007, the Council of Ministers approved the formation of The Saudi Stock Exchange (Tadawul). This was in accordance with Article-20 of the Capital Market Law establishing Tadawul as a joint stock company. Tadawul is the sole entity authorized in the Kingdom of Saudi Arabia to act as the Securities Exchange (the Exchange). It mainly carries out listing and trading in securities, as well as deposit, transfer, clearing, settlement, and registry of ownership of securities traded on the Exchange. The legal status, duties, and responsibilities of the Exchange and Depository Center are explicitly defined in the Capital Market Law (CML) issued by Royal Decree Number (M/30), dated on June 16, 2003. The Exchange is also the official source of all market information. The capital of Tadawul is SAR 1,200,000,000 divided into (120,000,000) shares of equal value of SAR 10; all of which are cash shares subscribed by the Public Investment Fund. Tadawul is an affiliatemember of the International Organization of Securities Commissions (IOSCO), the World Federation of Exchanges (WFE), and the Arab Federation of Exchanges (AFE). ABOUT KHALID ABDULLAH AL HUSSAN Khalid carries a wealth of capital market knowledge that spans over business development, corporate planning to strategy and operations. Before being appointed as the Chief Executive Officer in March, 2016, Khalid assumed executive roles that covered Markets, Asset Services and Depository as well as Strategy and Market Data. Khalid has sponsored key programs within the exchange that covered the establishment of the Markets Division, introduction of QFIs, Introduction of Independent Custody framework, Tadawul 5-Year Strategy, Market Data Transformation Program and many others. Khalid has been with Tadawul since 2007. Prior to joining Tadawul, Khalid has worked in the Insurance Sector, managing areas of business and product development, marketing, PMO, and strategy. Khalid is an engineer and holds an MBA from the University of Colorado. He is also a certified entrepreneur from the University of Colorado. www.tadawul.com.sa