Tradeweb Launches Domestic Bond Trading Platform in Saudi Arabia
Tradeweb opened a domestic electronic channel for riyal-denominated sukuk and bonds in Saudi Arabia, linking execution and settlement.
Key points
- Tradeweb launched a domestic electronic channel for riyal-denominated sukuk and bonds in Saudi Arabia.
- GIB Capital and Saudi Awwal Bank completed the first domestic transaction on the new platform.
- The system links execution, clearing, and settlement to reduce manual data entry and improve tracking.
Tradeweb opened an electronic channel for domestic bond trading in Saudi Arabia on Monday. The platform connects local investors and dealers in riyal-denominated sukuk and bonds.
The system combines trade execution, clearing, and settlement into a single electronic process. It aims to simplify secondary trading and improve liquidity search for market participants.
First domestic trades completed
GIB Capital and Saudi Awwal Bank completed the first domestic transaction through the system. The trade details were sent to the Securities Clearing Center Company for post-trade processing.
The Securities Depository Center Company then handled the settlement of the trade. This confirms the full electronic workflow functions correctly for local market participants.
Improved data processing efficiency
Previously, execution and settlement occurred separately, requiring data to be transferred between different systems. The new linked record reduces data duplication and manual intervention in the workflow.
Trades remain bilateral, and existing local settlement mechanisms are retained. The system facilitates the tracking and auditing of transactions for professional investors and local dealers.
Market expansion and regulatory support
Tradeweb launched its alternative trading system in Saudi Arabia in October 2025 for international investors. BlackRock, BNP Paribas, and Goldman Sachs took part in the early transactions.
The company holds a license from Saudi Arabia’s Capital Market Authority to operate in sukuk and debt instruments. It may expand to corporate bonds, repo transactions, and derivatives subject to demand.
