Abdullah al-Suweilmy

02 December 2009

Abdullah al-Suweilmy is chief executive officer, Tadawul

Abdullah al-Suweilmy

Company: Tadawul

Biography: Abdullah al-Suweilmy was appointed CEO of the Saudi stock exchange (Tadawul) in December 2007.

Al-Suweilmy has ushered in radical change at the exchange and opened it up to international investors.

In August 2008, swap agreements were introduced, which allow foreign investors to trade in local stocks through Saudi intermediaries. Although the number of listings on the Tadawul has dwindled as a result of the global financial downturn, it now has a strong reputation for initial public offerings (IPOs), hosting at least one IPO or rights issue every month last year.

With a career at the Tadawul spanning more than a decade, Al-Suweilmy has been a key architect of its development. He served as programme director from 1999-2001, overseeing the implementation of new technical infrastructure for the exchange, before being promoted to general manager in October 2001.

Contact: (+966) 1218 1222
Company website: www.tadawul.com.sa/

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