Clarity AI has signed a Memorandum of Understanding (MoU) with the Saudi Tadawul Group to facilitate the education of companies in the Kingdom of Saudi Arabia and the broader MENA region on relevant sustainability topics. Clarity AI will provide its tools and services to help companies and investors better understand, track and make sense of their sustainability performance across international and national frameworks, and benchmark their data across peers. Clarity AI's platform will serve both larger companies and support those earlier in their sustainability journey, including small and medium enterprises.

This collaboration between Clarity AI and the Saudi Tadawul Group – home to more than 300 listed securities with a market capitalization of more than $2.7 trillion (SAR 10.2 trillion) – will enable international investors to screen and report based on current and upcoming national requirements. Clarity AI's tools and services will help companies enhance their disclosure and understanding of ESG and sustainability, supporting a transition to a more sustainable future for the region and the world. The MoU will also leverage both parties' relationship with other key stakeholders, such as the Kingdom of Saudi Arabia's Ministry of Economy & Planning (MEP), with which Clarity AI signed an MoU in early January of this year.