Interactive Brokers and SNB Capital Open Saudi Market to Global Investors

Interactive Brokers Group Inc (NASDAQ: IBKR), a leading player in electronic trading, has joined forces with Saudi Arabia's SNB Capital to offer international investors direct access to the Saudi Exchange. This new collaboration will allow eligible investors to trade Saudi equities through the Interactive Brokers platform, providing a more integrated and streamlined way to access this prominent market.

Through this partnership, Interactive Brokers clients can now diversify their portfolios by investing in Saudi equities alongside a wide range of global financial products such as stocks, options, futures, bonds, and funds—all from a single, unified platform. The collaboration opens new doors for investors seeking exposure to one of the largest and most dynamic stock markets in the Middle East.

The official launch of this partnership was marked by a bell-ringing ceremony at the Saudi Exchange in Riyadh. The event saw the participation of key executives, including SNB Capitals Head of Securities Loai Bafaqeeh and James Bradie, Senior Executive Officer for Interactive Brokers' office at Dubai International Finance Centre. Their attendance underscored the significance of this collaboration, which is expected to strengthen ties between Saudi Arabia's growing financial market and international investors.

The Saudi Exchange is a major player in the global financial landscape, ranking among the top ten stock markets out of the 72 members of the World Federation of Exchanges. It is also the largest stock market in the Gulf Cooperation Council (GCC), boasting over 415 listed securities across 22 sectors. This extensive market offers investors access to a diverse array of assets, including real estate investment trusts (REITs) and exchange-traded funds (ETFs). With the partnership in place, clients of Interactive Brokers can now seize new opportunities within this thriving market and broaden their investment horizons.

Milan Galik, Chief Executive Officer of Interactive Brokers, emphasized the importance of the partnership, highlighting the benefits it brings to investors. He noted that this collaboration allows investors to trade Saudi equities while continuing to access Interactive Brokers wide range of global products at a low cost.

Rashed Sharif, Chief Executive Officer of SNB Capital, added that this collaboration is aligned with Saudi Arabias Vision 2030, specifically its Financial Sector Development Program (FSDP). He explained that the partnership plays a pivotal role in developing an advanced financial market in Saudi Arabia while providing an effective investment platform for a diversified investor base.

This collaboration between Interactive Brokers and SNB Capital represents a significant step forward in making Saudi Arabia‘s financial markets more accessible to global investors, supporting the country's broader economic goals under Vision 2030. With the Saudi Exchange offering a versatile and expansive investment landscape, the partnership is set to attract international capital and enhance investor confidence in the region’s financial markets.