Aljadaan presents annual report to CEDA

Updated 10 April 2016
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Aljadaan presents annual report to CEDA

Aljadaan has presented the 2015 annual report to the Council of Economic and Development Affairs (CEDA).
The council communicated its remarks and recommendations on the Capital Market Authority’s (CMA) strategic plan and endorsed approval of the plan; CMA sets a strategic objective to raise governance and transparency standards as well as to increase level of communication with capital market investors.
Mohammed Aljadaan, board chairman of the CMA, stated: “The authority is working tirelessly toward implementing the CMA's strategic plan, which was adopted last year. The plan was presented to the CEDA for its remarks and recommendations. The council has graciously recommended approval of the plan and expressed a number of observations and notes on the plan. Thereafter, a royal approval was issued approving the plan.”
In 2015, a new strategic objective related to deepening the capital market was added to the strategic plan. In addition, other strategic objectives were included like raising governance and transparency standards and increasing the level of communication with capital market investors.
The CMA chairman stated in the introduction of the 2015 annual report that the CMA is on track implementing 54 initiatives of the approved strategic plan. Those initiatives include 342 activities with the CMA achieving 91 percent completion rate of these activities during the year. In 2016, the CMA will work to implement other elements of its strategic plan, including initiatives to deepen the capital market by expanding the investor base, promote investment literacy and higher level of investor communication.
The 2015 annual report data include the public offering of four companies with a total of SR4.2 billion worth of shares while the offering of all securities reached SR34.2 billion.
The investment funds sector grew by 11.2 percent over the preceding year, reaching SR180.3 billion in total investment funds assets.


New energy vehicles drive next phase of mobility in Saudi Arabia

Updated 06 February 2026
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New energy vehicles drive next phase of mobility in Saudi Arabia

Saudi Arabia stands at a defining moment in its mobility transformation. Under Vision 2030, the Kingdom is accelerating its transition toward cleaner, smarter and more connected transport systems.
New energy vehicles are at the center of this shift, offering a pathway to a more sustainable automotive ecosystem. Yet while consumer interest is rising rapidly, converting intent into everyday adoption will depend on how effectively the wider mobility system evolves alongside electric vehicles.
Recent nationwide research by Al-Futtaim highlights the strength of this momentum. More than 70 percent of Saudi residents surveyed are already familiar with NEVs, while nearly eight in 10 say they would consider purchasing one as their next vehicle. Most notably, 80 percent expect to buy an electric vehicle within the next three years, signaling that the transition is moving from aspiration to reality.
Despite this optimism, important barriers remain. Range anxiety continues to be the most frequently cited concern, alongside high purchase prices and long charging times. Practical considerations dominate purchasing decisions, with affordability and access to charging infrastructure outweighing environmental motivations. These findings underline a pressing reality: consumers will embrace NEVs at scale only when electric mobility feels as convenient, reliable and accessible as conventional driving.
For industry leaders, this represents both an opportunity and a responsibility. Jerome Saigot, managing director of Al-Futtaim BYD KSA, said: “Saudi Arabia is building the foundations for a future-ready mobility system under Vision 2030. The opportunity now is to connect the dots, bringing together vehicles, charging infrastructure, consumer education and service capability to unlock confident, large-scale adoption of new energy vehicles.”
Charging networks therefore play a central role in supporting adoption, but they are not the only requirement. NEV uptake is closely linked to how cities are planned, how people commute and how transport systems connect.
Emerging mobility models also point to a more connected future. High levels of openness to mobility-as-a-service, autonomous vehicles and shared transport indicate that Saudi consumers are receptive to innovation. However, these technologies will succeed only if they are embedded within systems that link vehicles, infrastructure, data and urban design.
Successful electric mobility ecosystems need to be built around coordinated rather than isolated initiatives. Electric vehicles perform best when supported by reliable charging, smart traffic management, efficient public transport and well-designed urban environments. In this context, NEVs benefit directly from parallel investment in rail, bus networks, digital platforms and active mobility infrastructure.
Encouragingly, public confidence in Saudi Arabia’s long-term mobility vision remains strong. More than 85 percent of respondents surveyed by Al-Futtaim believe the Kingdom is on track to lead in future mobility. Consumers also clearly identify priorities for continued progress, including expanding charging infrastructure, improving mass transportation and strengthening regulatory frameworks.
For policymakers, investors and industry players, the message is clear. The next phase of mobility transformation must focus on alignment: aligning infrastructure with consumer expectations, aligning innovation with everyday needs, and aligning public and private investment around shared outcomes.
Saudi Arabia’s mobility transition is no longer a distant ambition. It is unfolding now, shaped by confident consumers, ambitious institutions and accelerating technological change. By building connected systems that place people at their center, the Kingdom can ensure that electric mobility becomes a lasting part of its sustainable future.
To explore these insights and recommendations in more detail, download The Future of Mobility in Saudi Arabia.