Riyadh, June (پاکستان پوائنٹ نیوز 30 يونيو 2026ء) CMF Select Red Sea 2026, powered by STG and co-organized with VCM, will bring together investors, corporates, policymakers, market participants, and sustainability leaders to explore the growing intersection of capital markets, climate finance and carbon markets.
As part of CMF Select Red Sea, VCM will host the inaugural Saudi Carbon Credits Launch on its platform later this year. The launch will mark a major milestone in the development of the Kingdom’s voluntary carbon market by bringing Saudi-originated carbon credits to the market, generated from projects within the Kingdom.
This progress reflects VCM’s role in building market infrastructure and enabling corporate participation. The Saudi market is seeing significant progress being made to develop a strong pipeline of on-the-ground carbon projects, with more than 30 projects being advanced across the Kingdom to deliver Saudi-originated carbon credits in the coming years. This reflects the growing involvement from global project developers and local entities delivering carbon credits across nature-based solutions, industrial decarbonization, and many other innovative carbon removal technologies.
The ceremony also saw more than 30 companies sign memorandums of understanding with VCM, expressing their intention to participate in the inaugural Saudi Carbon Credits Launch.
Chief Executive Officer of VCM Fadi Saadeh stated, “We are proud to partner with Saudi Tadawul Group (STG) to launch CMF Select Red Sea 2026 as the first sustainability-focused edition of the CMF Select, bringing climate finance and carbon markets more firmly into the Kingdom’s capital markets dialogue. The inaugural Saudi Carbon Credits launch on VCM’s platform will be a landmark moment for the Saudi market, reflecting the progress made in developing Saudi-originated carbon credits and building a credible carbon market ecosystem.”
Chief Executive Officer of Saudi Tadawul Group and board Member at VCM Eng. Khalid Al-Hussan 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.”
