On March 19, 2007, the Council of Ministers approved the formation of the Saudi Stock Exchange (Ta'ud). This was in accordance with article 20 of the Capital Market Act, which provides for the establishment of a trading company as a joint stock company. Tadoul is the only authorized entity in Saudi Arabia to act as a stock exchange (as a stock exchange). The company mainly lists and trades securities, as well as deposits, transfers, clearing, settlement and the ownership of securities traded on the stock exchange. The legal status, duties and responsibilities of the Exchange and Deposit Centre are expressly determined in the Capital Market Act (CML) issued by Royal Decree No. (M/30), dated June 16, 2003. The stock exchange is also the official source of all market information. trading capital 1,200,000,000 SR divided into (120,000,000) shares worth equal to SAR 10. All are cash shares subscribed by the Public Investment Fund. Tamoul is an associate member of the International Organization of Securities Commissions (IOSCO), the World Federation of Stock Exchanges (WFE) and the Arab Stock Exchange Federation (AFE).