Saudi’s Tadawul Tech Arm Wamid and STV partner to launch trading platform for private assets in Saudi Arabia

Wamid, the technology arm of Saudi Tadawul Group, and STV, the largest technology investment firm in MENA, today announced an agreement to jointly develop an electronic trading platform that will enable the buying and selling of shares in private companies in the Kingdom of Saudi Arabia.

The two parties are set to design, develop, and implement the unique platform, which aims to unlock new opportunities for investors and private companies, while further deepening Saudi Arabia’s capital markets ecosystem and strengthening the private markets landscape.

Commenting on the signing, Yazeed AlDomaiji, Chief Executive Officer of Wamid, said:
"We are taking important steps to drive digital transformation in the Saudi capital market, creating solutions that expand access and strengthen participation. This new platform will open opportunities for founders and investors alike by establishing a dedicated secondary market for private company shares. We look forward to partnering with STV to make this vision a reality."

Ahmad AlNaimi, General Partner at STV, added:
"This partnership with Wamid represents a milestone for the region’s SME ecosystem. By building a dedicated platform to serve the secondary market for private company shares, we are not only creating liquidity for founders and investors but also strengthening Saudi Arabia’s position as a hub for innovation and capital formation."

This partnership reflects the broader ambition of Saudi Arabia to diversify the economy, empower entrepreneurship, and deepen the financial markets by creating innovative capital market solutions.