Saudi Tadawul Group (STG) and the Regional Voluntary Carbon Market Company (VCM) have announced the launch of CMF Select Red Sea 2026, the first sustainability-focused edition of the Capital Markets Forum (CMF) Select. The announcement was made during a special “Ring the Bell” ceremony in Riyadh, bringing together senior executives, policymakers, investors, sustainability experts, and corporate leaders from across the Kingdom.
The new forum marks a significant step in integrating capital markets, climate finance, and voluntary carbon markets, supporting Saudi Arabia’s broader sustainability agenda and economic diversification under Saudi Vision 2030.
CMF Select Red Sea 2026 to Drive Sustainable Finance Discussions
Powered by Saudi Tadawul Group and co-organized with VCM, CMF Select Red Sea 2026 will serve as a premier platform for investors, corporates, regulators, and sustainability leaders to explore emerging opportunities in sustainable finance, carbon markets, and climate-related investment.
The event aims to foster collaboration between public and private sector stakeholders while encouraging innovative financing solutions that accelerate the transition toward a low-carbon economy.
Saudi Carbon Credits Launch Marks Major Milestone
As part of CMF Select Red Sea 2026, the Regional Voluntary Carbon Market Company will host the inaugural Saudi Carbon Credits Launch on its trading platform later this year.
The launch represents a landmark milestone in the development of Saudi Arabia’s voluntary carbon market, introducing the Kingdom’s first Saudi-originated carbon credits generated through domestic climate projects.
The initiative reflects VCM’s ongoing efforts to establish robust market infrastructure while encouraging greater corporate participation in carbon markets.
Saudi Arabia is currently advancing more than 30 carbon projects across the Kingdom that will generate high-quality Saudi-originated carbon credits over the coming years. These projects span multiple sectors, including:
- Nature-based climate solutions
- Industrial decarbonization
- Carbon capture and removal technologies
- Innovative emissions reduction initiatives
The growing pipeline demonstrates increasing collaboration between international project developers and Saudi organizations working to support the Kingdom’s climate objectives.
More Than 30 Companies Commit to Saudi Carbon Credits Initiative
During the ceremony, over 30 leading organizations signed Memorandums of Understanding (MoUs) with VCM, signaling their intention to participate in the inaugural Saudi Carbon Credits Launch.
The participating organizations include:
- Public Investment Fund (PIF)
- Saudi Tadawul Group (STG)
- Red Sea Global
- Ministry of Economy & Planning (MEP)
- Maaden
- Al Qaryan Group
- Saudi Top Plastic Factory (STP)
- Al Kifah Holding Company
- Bank Albilad
- Gulf International Bank (GIB)
- Fakeeh Care
- BYD Al-Futtaim
- Abdul Latif Jameel Motors
- Saudi German Health
- Saudi Water Partnership Company (SHARAKAT)
- SAWACO Water Group
- Al Kathiri Holding
- Abdullah AlOthaim Investment Company
- Almarai Company
- Alpha Star
- Halliburton
- ADES Holding
- ArcelorMittal
- Nesma & Partners
- Saudia Group
- Riyadh Cement
- Yamama Cement
- Yanbu Cement
- Saudi Agricultural and Livestock Company (SALIC)
- Saudi Aramco Base Oil Company (Luberef)
The widespread participation underscores growing corporate confidence in Saudi Arabia’s emerging carbon market ecosystem.
Saudi Tadawul Group Highlights Sustainable Finance Vision
Commenting on the announcement, Eng. Khalid Al Hussan, Chief Executive Officer of Saudi Tadawul Group and Board Member at VCM, said:
“CMF was established to convene the institutions and leaders shaping the future of capital markets. As sustainability becomes increasingly relevant to investors, businesses and economies around the world, expanding the CMF Select into this space is a natural evolution of the platform.”
He added that CMF Select Red Sea 2026 will create opportunities for meaningful dialogue, strategic partnerships, and investment while strengthening Saudi Arabia’s position as a leading regional hub for capital markets and sustainable finance.
VCM Strengthens Saudi Arabia’s Carbon Market Ecosystem
Fadi Saadeh, Chief Executive Officer of VCM, said the partnership with Saudi Tadawul Group represents an important milestone for the Kingdom’s sustainability ambitions.
“We are proud to partner with Saudi Tadawul Group to launch CMF Select Red Sea 2026 as the first sustainability-focused edition of CMF Select, bringing climate finance and carbon markets more firmly into the Kingdom’s capital markets dialogue.”
He noted that the inaugural Saudi Carbon Credits Launch reflects the progress made in developing Saudi-originated carbon credits and building a credible voluntary carbon market ecosystem. Saadeh also thanked the participating companies for supporting what he described as an important national milestone.
Supporting Saudi Vision 2030 Through Capital Market Innovation
Founded in 2021 and headquartered in Riyadh, Saudi Tadawul Group is the holding company overseeing Saudi Arabia’s capital market infrastructure through its four subsidiaries: Saudi Exchange, Muqassa, Edaa, and WAMID.
The Group plays a central role in advancing the Kingdom’s financial sector by enhancing market infrastructure, attracting international investment, and supporting economic diversification under Saudi Vision 2030.
With the launch of CMF Select Red Sea 2026 and the upcoming Saudi Carbon Credits Launch, Saudi Tadawul Group and VCM are reinforcing Saudi Arabia’s ambition to become a regional leader in sustainable finance, climate investment, and voluntary carbon markets while accelerating the development of a resilient, globally competitive capital market.
