Google AI
The Times Australia
News From Asia

.

Sahm Capital Becomes the First Fintech-Driven Financial Company Granted Full Licenses by the CMA

RIYADH, SAUDI ARABIA - Media OutReach Newswire - 15 October 2024 - Sahm Capital proudly announces it has successfully met all business commencement requirements to conduct Arranging and Managing Investments, as well as Operating Funds Activities in Securities, licensed by the Capital Market Authority (CMA).

With this approval, Sahm Capital now holds all necessary regulatory approvals to operate as a fully integrated financial company in the Kingdom of Saudi Arabia.

This achievement comes just one year after receiving licenses for Dealing, Advising, and Custody, underscoring the company's rapid growth and commitment to offering comprehensive financial services in the Saudi market. With these latest licenses, Sahm Capital becomes the first fintech-driven financial company to achieve full CMA approval in the Kingdom. This significant achievement reflects Sahm Capital's full compliance with the Kingdom's stringent regulatory framework and highlights its dedication to maintaining the highest standards of trust, security, and transparency.

Hadeel Bedeeri, General Manager at Sahm Capital, remarked on the importance of this milestone:
"Receiving full regulatory approval from the CMA is a pivotal moment for Sahm Capital. With these licenses, we can now offer a comprehensive suite of services, from dealing and managing assets to advising and custody. Our goal is to elevate market standards, build trust, and actively support the dynamic growth of Saudi Arabia's financial sector in alignment with Vision 2030. We are excited about the opportunities ahead and ready to make a lasting impact."

Founded in 2022, Sahm Capital has quickly established itself as a trailblazer in the financial service industry. In December 2023, the company launched the Sahm App, a proprietary all-in-one trading platform tailored to Saudi investors. Since its launch, the Sahm App has secured a spot among the top three free finance apps in the Kingdom, contributing to Sahm Capital's position as the fastest-growing brokerage in Saudi Arabia.

With the completion of these full licenses, Sahm Capital is positioned as a key player in Saudi Arabia's rapidly evolving financial sector. The firm's ability to offer the complete range of financial services, backed by independent technological research and development capabilities, ensures that clients have access to an all-inclusive financial solution tailored to meet their diverse investment needs.Hashtag: #SahmCapital #CMA





The issuer is solely responsible for the content of this announcement.

Sahm Capital

Sahm Capital, registered in Riyadh, holds full regulatory licenses from the Capital Market Authority (CMA) to provide Dealing, Advising, Custody, Arranging, and Managing Investments and Operating Funds Activities in the Securities Business services (license no. 22251-25). As the first fintech-driven financial company to achieve full CMA licensing, Sahm Capital has established itself as the fastest-growing member of the Saudi Exchange, leveraging proprietary technology and innovative financial solutions to deliver seamless, one-stop financial services. For more information, visit: .

Times Magazine

“More Choice” Or Fewer Choices? Australia’s New Vehicle Emission Rules

The Changing Face Of Motoring When the Federal Government announced Australia’s new fuel efficien...

Female founders to benefit from new funding to turn their ideas into viable ventures

The University of Newcastle Integrated Innovation Network (I2N) has been selected by the NSW Governm...

GLOBAL SPORTS MARKETING HEAVYWEIGHTS CONVERGE IN BRISBANE FOR INAUGURAL VICTORY LAP

Australia’s premier sports marketing and creative summit, Victory Lap, has revealed its lineup of in...

The 2026 Met Gala: Fashion, Power and the Theatre of Exclusivity

Each year, on the first Monday in May, the global fashion industry converges on the steps of Metro...

Australian Wine Guide

A Quick but Informed Guide to the Varieties and Popular Brands of Australian WinesDon’t let a wine...

What next from Apple

The question of what comes next for Apple Inc. is no longer theoretical. With leadership transitio...

The Times Features

The More Things Change: Change Can Hurt

The only constant in life is change. It sounds wise because it is true. Nothing stays still fore...

Seeking Financial Advice Before Investing: How Australi…

Australians are constantly reminded to “seek financial advice” before making investment decisions...

Female founders to benefit from new funding to turn the…

The University of Newcastle Integrated Innovation Network (I2N) has been selected by the NSW Governm...

MoleMap ANZ continues growth trajectory with acquisitio…

MoleMap, Australia and New Zealand’s leading skin cancer detection and surveillance service, has...

Crystalbrook Collection’s Cairns Hotels and Resorts Ach…

The milestone marks the first time three hotels in one region have reached Gold status simultaneousl...

Australia Post strengthens the People of Post grant pro…

Australia Post has strengthened its commitment to communities across Queensland through its 2026 Peo...

dusitD2 Feydhoo Maldives introduces stylish new event v…

Feydhoo Hall responds to rising demand for destination weddings, corporate retreats, and creative ga...

For Many Finances Are Strained But the Dining Out Eveni…

For many Australians, the cost of living has changed everyday habits. Mortgage repayments are high...

Canavan: Vote for change with The Nationals - and no to…

Leader of The Nationals Matt Canavan said candidate Brad Robertson provides Farrer families with t...