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2018
Highlights

It was a banner
year for Tadawul

Chairperson’s
statement

A giant leap
forward

Chief Executive Officer’s
Message

The
springboard

 

The Company has entered into transactions with entities related to the Public Investment Fund (the Public Shareholding Fund), as well as certain companies in which some members of the Board of Directors hold directorships. The terms of such transactions are similar to those with ordinary commercial debtors and creditors, and there is no preference or special treatment for the parties involved. The following are the significant transactions and amounts up to 31 December 2018:

Dealing with related parties 2018
SAR Mn. 		2017
SAR Mn.
Trading commission 321,711,062 304,287,195
Market information services 60,808,776 63,027,657
Depository services 137,834,096 132,931,412
Listing services 61,580,174 44,959,233
Other services 1,345,932 244,053
Subsidiaries 5,511,881 4,293,218
Board of Directors' remuneration and allowances 5,963,239 6,429,875
Balance due from Tadawul Real Estate Company 130,000,000 130,000,000

The balances resulting from these transactions included in the Financial Statements as at 31 December 2018 (in Saudi Ariabian Riyals):

Description Nature of the relationship Balance at the
beginning of
the year 		Increases
during the
year 		Proceeds/Paid
during the
year 		Balance at the
end of the
year
Receivables

 Joint ownership
and managers 		4,416,769 374,001,194 (365,735,796) 12,682,167
Accounts
payable 		Joint ownership
and managers 		5,969,836 18,542,801 (17,558,756) 6,953,881
Advances and
other assets 		Associate
company 		184,386 184,793 (184,386) 184,793

It should be noted that the Company in its dealings with related parties take into account the procedures used to deal with cases of conflict of interest in accordance with the relevant regulations, in addition to the rules of professional conduct for the members of the Board of Directors of the Company and approved by the Commission's decision No. 02-20-2010 dated 27/08/1431 H Corresponding to 08/08/2010.

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