Watch: Saudi Tadawul’s female chairperson rings the bell for women empowerment
In celebration of International Women’s Day, the Saudi Stock Exchange, Tadawul, along with 80 financial markets around the world, participated in ringing the opening bell.
The opening bell is rung on the trading floor to signify the start of the day’s trading session.
Today’s ringing of the bell by Sarah al-Suhaimi, the first woman to be the chairperson of Tadawul, symbolized a ring for women empowerment.
The ceremony also included the signing of an agreement on the principles of empowering women, reflecting the trend of encouraging more women to participate in the Saudi economy.
Experts say that al-Suhaimi’s appointment as chairperson is a step that breaks the male-dominated upper echelons in the finance sector.
The representation of women on corporate boards continues to increase but the number of women leading boards remains low globally, according to Deloitte Consultancy.
Overall, women now hold 12 percent of seats worldwide with only four percent chairing boards.
The selection of al-Suhaimi to lead the Kingdom’s $533 billion stock market underscores the Kingdom’s incessant pursuit to empower women.
Tadawul is the largest stock exchange in the region and the 21st internationally, according to the World Federation of Exchange.
Before joining the National Commercial Bank as CEO, al-Suhaimi was the chief investment officer at Jadwa Investment and a senior portfolio manager at Samba Financial Group.
In September 2013, the Harvard graduate was appointed, along with 16 others, as a member of the stock exchange’s consultancy committee.