Interactive Brokers and SNB Capital Expand Access to Saudi Exchange

Interactive Brokers Group has partnered with Saudi investment bank SNB Capital to enable eligible international investors to access the Saudi Exchange through its platform. This collaboration also allows Interactive Brokers clients to diversify their investment portfolios by investing in Saudi equities alongside a wide range of global assets, including stocks, options, futures, bonds, and funds, all from a single, integrated platform.

The official launch occurred at a bell-ringing ceremony at the Saudi Exchange in Riyadh. Notable attendees included Loai Bafaqeeh, Head of Securities at SNB Capital, and James Bradie, Senior Executive Officer for Interactive Brokers’ new Dubai International Finance Center office.

The Saudi Exchange ranks among the top ten largest stock markets globally and is the dominant market within the Gulf Cooperation Council (GCC). It boasts over 415 listed securities across 22 sectors, offering a diverse investment landscape.

Interactive Brokers and SNB Capital Expand Access to Saudi Exchange

Furthermore, by collaborating with SNB Capital, Interactive Brokers enables its clients to expand their investment opportunities to include Saudi stocks, real estate investment trusts (REITs), and exchange-traded funds (ETFs) traded on the Middle East’s largest stock exchange.

Milan Galik, CEO of Interactive Brokers, expressed his enthusiasm about the partnership, stating, “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.” Rashed Sharif, CEO of SNB Capital, highlighted the strategic significance of this collaboration, noting, “Our partnership with Interactive Brokers aligns perfectly with our objectives to support the ambitious goals of Saudi Vision 2030’s Financial Sector Development Program (FSDP). Together, we aim to develop an advanced financial market and provide an effective investment platform with a diversified investor base.”

Additionally, this partnership marks a significant step toward enhancing access to one of the region’s most promising investment markets, paving the way for greater global participation in the Saudi economy.

Getting to Know the Stock Broker

• Interactive Brokers offers competitive fees and global trading options.
• The platform is user-friendly and cost-effective with competitive spreads.
• It also provides a straightforward trading experience for diverse needs.
• Traders and investors can access a wide range of assets.
• Novices may need time to master its robust tools.

Also, Check out Stock Brokers Reviews for the latest enhancements and take your trading to the next level!