Securities Depository Center Company (Edaa)

📍 Riyadh, Saudi Arabia🗓 Founded 2016👥 59 employees💰 Last funded Mar 2021
Financial Services🌐 edaa.sa
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Securities Depository Center Company (“Edaa”) was establish in 2016 as a closed joint stock company in accordance with the Saudi Companies Law issued by Royal Decree No. M/3 dated 28/01/1437, with a capital of SAR 400,000,000 divided into 40,000,000 shares, with a nominal share value of SAR 10, and is fully owned by Saudi Stock Exchange (Tadawul). The establishment was upon the Capital Market Authority (CMA) approval of Tadawul’s Board of Directors request in relation to converting the Securities Depository Center into a joint stock company in accordance with the Capital Market Law (CML) issued by Royal Decree No. M/30 dated on 2/6/1424H. “Edaa” aims to emulate Capital Market Strategic objectives in relation to developing infrastructures and subsequent procedures to execute transactions in alignment with international standards. It also aims to enhance the efficiency of securities deposit and registration services offered by the securities depositary center in alignment with Saudi Vision 2030 through developing a more resourceful environment that fosters excellence within all sectors related to the capital market. The principal activities of “Edaa” is to operate and maintain the Depository and Settlement System (DSS), an electronic book-entry system used to record and maintain securities and to register the ownership of securities. In addition to linking center members through the DSS. “Edaa” also offers several added-value services such as the management of issuers’ general assemblies (GM) including remote voting services (e-Voting), reporting, notifications, and maintenance of critical core data as well as providing other related services. “Edaa” facilitates equity, debt, Sukuk and bonds, ETFs, REITs, Mutual Funds and other financial instruments in the Saudi Arabian Capital Market.
3
Total investors
2
Early stage
1
Mid stage
0
Late stage
2016
Founded

Investors

3 investors
All
Early stage
Mid stage
Late stage
Investor geography1 country
Saudi Arabia
3
Investor activity2016–2021 · investors recorded per year
2016220211
Recent (last 2y)Earlier
Frequently asked questions
Who invested in Securities Depository Center Company (Edaa)?
Securities Depository Center Company (Edaa) has 3 investors on record on gritt.io, including 2 early-stage backers, 1 mid-stage.
When did Securities Depository Center Company (Edaa) last raise funding?
The most recent investment in Securities Depository Center Company (Edaa) recorded on gritt.io was in March 2021.
When was Securities Depository Center Company (Edaa) founded?
Securities Depository Center Company (Edaa) was founded in 2016.
What industry is Securities Depository Center Company (Edaa) in?
Securities Depository Center Company (Edaa) operates in Financial Services. Find similar Financial Services investors on gritt.io.
Where is Securities Depository Center Company (Edaa) based?
Securities Depository Center Company (Edaa) is headquartered in Riyadh, Saudi Arabia.