Interactive Brokers partnered with Saudi Arabia’s
Capital Market Authority licensed firm SNB Capital to enable international
investors to trade directly on the Saudi Exchange. This collaboration enables the clients of Interactive
Brokers to diversify their portfolios by investing in Saudi equities, global
stocks, ETFs, and other securities from a single platform.
Diversifying Investments Portfolio
According to the company’s statement, Interactive
Brokers’ clients can now buy and sell Saudi stocks, real estate investment
trusts (REITs), and exchange-traded funds (ETFs) under the new agreement. Saudi Arabia’s stock market, often considered the
gateway to the Gulf Cooperation Council (GCC), reportedly features over 415
listed securities across 22 sectors.
Commenting about the partnership, Milan Galik, the Chief
Executive Officer of Interactive Brokers, said: “We are pleased to work with
SNB Capital and give investors the ability to trade Saudi equities in addition
to our already vast array of global products and markets at low cost.”
It is ranked among the top ten largest stock markets
worldwide, offering vast potential for investors looking to gain exposure to
the region’s economic growth. This collaboration also aligns with the objectives of
Saudi Vision 2030, a national initiative designed to diversify the Kingdom’s
economy and foster an advanced financial market.
Managing Global Investments
The offering enables investors to manage their Saudi
holdings alongside other global investments such as stocks, options, futures,
and bonds. The launch of this collaboration was commemorated during a
bell-ringing ceremony at the Saudi Exchange in Riyadh.
The event reportedly featured key figures such as Loai
Bafaqeeh, SNB Capital’s Head of Securities, and James Bradie, Senior Executive
Officer of Interactive Brokers’ Dubai office.
“Our collaboration with Interactive Brokers comes as
an extension to our role as the Saudi national champion and perfectly aligns
with our strategic objectives contributing to achieving the ambitious goals to
develop an advanced financial market and provide an effective investment
platform with a diversified investor base,” Rashed Sharif, the Chief Executive
Officer of SNB Capital, added.
Interactive Brokers partnered with Saudi Arabia’s
Capital Market Authority licensed firm SNB Capital to enable international
investors to trade directly on the Saudi Exchange. This collaboration enables the clients of Interactive
Brokers to diversify their portfolios by investing in Saudi equities, global
stocks, ETFs, and other securities from a single platform.
Diversifying Investments Portfolio
According to the company’s statement, Interactive
Brokers’ clients can now buy and sell Saudi stocks, real estate investment
trusts (REITs), and exchange-traded funds (ETFs) under the new agreement. Saudi Arabia’s stock market, often considered the
gateway to the Gulf Cooperation Council (GCC), reportedly features over 415
listed securities across 22 sectors.
Commenting about the partnership, Milan Galik, the Chief
Executive Officer of Interactive Brokers, said: “We are pleased to work with
SNB Capital and give investors the ability to trade Saudi equities in addition
to our already vast array of global products and markets at low cost.”
It is ranked among the top ten largest stock markets
worldwide, offering vast potential for investors looking to gain exposure to
the region’s economic growth. This collaboration also aligns with the objectives of
Saudi Vision 2030, a national initiative designed to diversify the Kingdom’s
economy and foster an advanced financial market.
Managing Global Investments
The offering enables investors to manage their Saudi
holdings alongside other global investments such as stocks, options, futures,
and bonds. The launch of this collaboration was commemorated during a
bell-ringing ceremony at the Saudi Exchange in Riyadh.
The event reportedly featured key figures such as Loai
Bafaqeeh, SNB Capital’s Head of Securities, and James Bradie, Senior Executive
Officer of Interactive Brokers’ Dubai office.
“Our collaboration with Interactive Brokers comes as
an extension to our role as the Saudi national champion and perfectly aligns
with our strategic objectives contributing to achieving the ambitious goals to
develop an advanced financial market and provide an effective investment
platform with a diversified investor base,” Rashed Sharif, the Chief Executive
Officer of SNB Capital, added.
This post is originally published on FINANCEMAGNATES.
