Economy & industry overview
Saudi Arabia has the largest economy in the Arab world and the Middle East and North Africa region, with a nominal GDP of approximately USD 1.24 trillion in 2024. The economy is anchored by crude oil and natural gas production, which account for roughly 22 percent of GDP, though the government's Vision 2030 reform programme is actively accelerating diversification into financial services, tourism, mining, manufacturing, and petrochemicals. Non-oil activities grew 4.3 percent in 2024, reflecting measurable progress in expanding the private sector base. The Saudi Exchange (Tadawul) is the largest equity market in the Middle East and North Africa, with a total listed market capitalisation of approximately USD 2.5 trillion as of mid-2026. Saudi Arabia's currency is pegged to the US dollar at a fixed rate of 3.75 SAR per USD.
Key sectors
Learn everything about Saudi Arabia →Macro
| GDP nominal, USD | $1.24T |
| GDP growth real, annual | 1.3% |
| Inflation annual | 1.6% |
| Population people | 35.9M |
| GDP per capita USD | $35,528 |
| Market cap total listed, USD | $2.50T |
| Market cap / GDP | 202.0% |
| Unemployment | 3.5% |
| Listed companies | 272 |
| Exchange | Saudi Exchange (Tadawul) (TADAWUL) |
Primary data year: 2024. Sources: World Bank, IMF World Economic Outlook, General Authority for Statistics Saudi Arabia (GASTAT), Saudi Exchange (Tadawul) official market data, MSCI Market Classification, Baker McKenzie Cross-Border Listings Guide, Capital.com market data, Raseed Invest, Argaam, Trading Economics, Focus Economics. Individual figures may cover different reference periods — for example a fiscal year, or an estimate for the current year — and the overview above states these where known.
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Other Middle East markets
Largest listed companies
The biggest companies on the main local exchange, by market capitalisation. Where a foreign company holds a secondary listing here, it is shown after the domestic companies.
| # | Company | Sector | Market capUSD | US listing |
|---|---|---|---|---|
| 1 | Saudi Arabian Oil Company (Saudi Aramco)2222 · TADAWUL | Energy · Integrated Oil and Gas | $1.78T | — |
| 2 | Al Rajhi Banking and Investment Corporation (Al Rajhi Bank)1120 · TADAWUL | Financials · Islamic Banking | $110.00B | — |
| 3 | Saudi Arabian Mining Company (Ma'aden)1211 · TADAWUL | Materials · Mining | $68.00B | — |
| 4 | The Saudi National Bank (SNB)1180 · TADAWUL | Financials · Commercial Banking | $63.00B | — |
| 5 | Saudi Telecom Company (STC)7010 · TADAWUL | Communication Services · Telecommunications | $58.00B | — |
| 6 | Saudi Basic Industries Corporation (SABIC)2010 · TADAWUL | Materials · Petrochemicals | $49.00B | — |
| 7 | ACWA Power Company2082 · TADAWUL | Utilities · Renewable Energy and Power | $35.00B | — |
| 8 | Riyad Bank1010 · TADAWUL | Financials · Commercial Banking | $22.50B | — |
| 9 | Dr. Sulaiman Al Habib Medical Services Group4013 · TADAWUL | Healthcare · Hospital and Medical Services | $22.50B | — |
| 10 | Saudi Electricity Company (SEC)5110 · TADAWUL | Utilities · Electric Power | $19.70B | — |
| 11 | Alinma Bank1150 · TADAWUL | Financials · Islamic Banking | $19.70B | — |
| 12 | Saudi Awwal Bank (SAB)1060 · TADAWUL | Financials · Commercial Banking | $18.90B | — |
| 13 | SABIC Agri-Nutrients Company2020 · TADAWUL | Materials · Fertilizers | $18.50B | — |
| 14 | Etihad Etisalat Company (Mobily)7020 · TADAWUL | Communication Services · Telecommunications | $13.70B | — |
| 15 | Almarai Company2280 · TADAWUL | Consumer Staples · Food and Dairy | $13.00B | — |
| 16 | Banque Saudi Fransi1050 · TADAWUL | Banking · Commercial Banking | $12.50B | — |
| 17 | Arab National Bank (ANB)1080 · TADAWUL | Banking · Commercial Banking | $11.40B | — |
| 18 | Saudi Aramco Base Oil Company (Luberef)2343 · TADAWUL | Energy · Refined Petroleum Products | $10.80B | — |
| 19 | Saudi Tadawul Group Holding Company1111 · TADAWUL | Financials · Exchange and Capital Markets | $6.98B | — |
| 20 | Bupa Arabia for Cooperative Insurance8210 · TADAWUL | Insurance · Health Insurance | $6.60B | — |
| 21 | Saudi Ground Services Company (SGS)4031 · TADAWUL | Industrials · Aviation Ground Services | $6.20B | — |
| 22 | Abdullah Al Othaim Markets Company4001 · TADAWUL | Consumer Staples · Food Retail | $5.80B | — |
| 23 | Jarir Marketing Company4190 · TADAWUL | Consumer Discretionary · Retail | $5.50B | — |
| 24 | Saudi Kayan Petrochemical Company2350 · TADAWUL | Materials · Petrochemicals | $4.90B | — |
| 25 | Saudi Arabian Cooperative Insurance Company (SAICO)8010 · TADAWUL | Insurance · Cooperative Insurance | $1.20B | — |
US-traded ETFs
Funds listed in the US that give exposure to this market, the simplest route for many US investors.
Local exchange & access
| Exchange | Saudi Exchange (Tadawul) |
| Code | TADAWUL |
| Website | www.saudiexchange.sa |
| Currency | SAR |
Local broker access
Foreign investors may access Saudi Exchange-listed equities directly through qualified foreign investor (QFI) accounts opened with Capital Market Authority-licensed brokers. As of February 2026, the CMA opened the Main Market to all foreign investor categories. International retail investors typically gain exposure through US-listed ETFs such as EWS or KSA rather than direct QFI accounts. Saudi Arabia does not have a broad set of US-listed ADRs; most international exposure is via ETFs or direct brokerage through QFI-eligible brokers such as HSBC Saudi Arabia, Aljazira Capital, and others.
Global brokers with foreign-market access
- Interactive Brokers — Direct access to 90+ markets worldwide, including many emerging exchanges.
- Saxo Bank — Multi-market access across Asia, Europe and the Middle East.
- Charles Schwab (Global) — Foreign ordinary shares on select markets; US-listed ADRs and ETFs.
- Fidelity International Trading — International stock trading on a number of developed and emerging markets.
Listed for convenience only. Not a recommendation. Available markets, fees and onboarding rules differ by broker and by your country of residence.
Relocation & residency
Investment visa / residency programme
Grants Permanent residency (Saudi Premium Residency)
true
Minimum investment: $400.00K
Need help applying? Specialist investment-migration advisers such as Henley & Partners.
Foreign-investor access
Saudi Arabia operates a Premium Residency programme, informally called the Saudi Green Card, which grants permanent residency to qualifying foreign nationals. Investment and real estate pathways are available, with property-based routes starting at SAR 4 million (approximately USD 1.07 million). Holders may live, work, and own property in the Kingdom without a local sponsor. The programme is administered by the Premium Residency Center under the Ministry of Interior.
US-listed ADRs & cross-listings
Companies from this country whose shares also trade in the US, investable in a normal US brokerage account.
| Company | US ticker | Local ticker | Note |
|---|---|---|---|
| Saudi Aramco | ARMCO | 2222 | Saudi Aramco trades on Tadawul under ticker 2222 and has an OTC-quoted American Depositary Receipt in the US market. Liquidity in the US OTC instrument is limited relative to the primary Tadawul listing, and most institutional exposure is obtained through the primary listing or via ETFs such as KSA. |