Press Release Detail

Riyadh, Saudi Arabia, 30 June 2026- Saudi Tadawul Group (STG) and the Regional Voluntary Carbon Market Company (VCM) announce CMF Select Red Sea 2026, the inaugural sustainability-focused edition of the Capital Markets Forum (CMF) Select.  

Powered by STG and co-organized by VCM, CMF Select Red Sea 2026 will focus on one of the most important aspects shaping the future of global markets: sustainability. The forum will bring together investors, corporates, decision-makers, market participants and sustainability leaders to explore the growing intersection of capital markets, climate finance and carbon markets, while supporting Saudi Arabia’s broader Vision 2030 ambitions and the Kingdom’s growing role in sustainable finance.

A key feature of CMF Select Red Sea 2026 will be the inaugural Saudi Carbon Credits Launch, which will be hosted on VCM's platform later this year. The Launch will mark a significant milestone in the development of the Kingdom’s voluntary carbon market, bringing Saudi-originated carbon credits generated from projects within the Kingdom to market.

The announcement was made during a Ring the Bell ceremony at market close on 29 June 2026, held at Tadawul Tower in Riyadh, attended by senior leaders from across the capital market, corporate and sustainability sectors.

The ceremony also included the signing of over 30 Memoranda of Understanding (MoUs) between VCM and participating organizations, signaling strong market interest in participating in the inaugural Saudi Carbon Credits Launch and supporting the continued development of Saudi Arabia's voluntary carbon market ecosystem.

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. Through CMF Select Red Sea 2026, we are creating a forum for the conversations, partnerships and opportunities that will shape the future of sustainable finance, while reinforcing Saudi Arabia’s position as a growing hub for investment and market development.”

Mr. Fadi Saadeh, Chief Executive Officer of VCM, said: “We are proud to work with our shareholder, Saudi Tadawul Group, to announce CMF Select Red Sea as the first sustainability-focused edition of the CMF Select. The inaugural Saudi Carbon Credits Launch on VCM’s platform will be a landmark moment for the Kingdom, reflecting the progress made in developing Saudi-originated carbon credits and building a credible voluntary carbon market ecosystem. We are grateful to all the companies that signed MoUs during the ceremony for their commitment and interest in joining this important national milestone.”

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