Wamid wants to focus on building capabilities and leveraging data, says CEO  

RIYADH:  Saudi Tadawul Group’s innovation arm Wamd wants to concentrate on building data capabilities over the next six to seven months, revealed its CEO. 

Talking to Arab News on the sidelines of the Capital Market Forum in Riyadh, Mohammed Al-Nory explained that Wamid will leverage on the data that exists today in Edaa, the securities depository center, Muqassa, the securities clearing center and the Saudi Exchange. 

“This type of technology will allow the three subsidiaries, also the group, to capture the data in a more transparent and easy way,” he said.