Mubasher: The Regional Voluntary Carbon Market Company (VCM), a carbon credit company established by the Public Investment Fund (PIF) and Saudi Tadawul Group, partnered with the Arab Federation of Capital Markets (AFCM) to host a trader-led demonstration auction during the AFCM Annual Conference in Tunisia.
The event is taking place on 13-14 May 2025, with the demonstration to show how an interconnected order-book across local and global participants enhances liquidity, price discovery, and market depth, outcomes that no single exchange or nation can achieve alone.
Representatives from Saudi Arabia, Singapore, the UAE, Switzerland and others will participate in the auction demonstration, offering a valuable opportunity for dialogue and action on developing effective frameworks to mobilize capital for climate initiatives.
Secretary General of the Arab Federation of Capital Markets, Rami El-Dokany, said: “This demonstration provides a practical look at how capital markets might engage with carbon trading as part of broader sustainability strategies.”
El-Dokany added: “Our work with VCM is rooted in knowledge-sharing and encouraging collaboration that can contribute to achieving long-term climate finance ambitions.”
Meanwhile, Riham El Gizy, the CEO of VCM, said: “This demonstration reflects the progress we have made in developing the infrastructure for carbon trading. Our investment in the platform showcased today allows us to create an interconnected order-book mechanism that can support better liquidity and price discovery in the region.”
El Gizy added: “It also allows local exchanges and market participants to use these tools to help channel more capital toward climate goals. We are grateful to AFCM for supporting this collaboration.”
Since its inception in 2022, VCM has facilitated the trading of over 7 million carbon credits across multiple auctions held in Riyadh, Nairobi and Baku, including more than 1.50 million credits in 2025 alone.
To date, the exchange platform has enabled over SAR 100 million in carbon trading value more than 30 market participants on the digital exchange platform, reflecting growing traction and interest from both regional and international stakeholders.
