In a new industry development, Interactive Brokers has partnered with Saudi investment bank SNB Capital to give eligible international investors access to the Saudi Exchange. This collaboration marks the first time a global broker has offered direct trading in Saudi equities through its platform.
Interactive Brokers clients can now invest in Saudi stocks, REITs, and ETFs alongside their global portfolios of assets like stocks, options, futures, and bonds, all on a single platform. The collaboration was launched with a bell-ringing ceremony at the Saudi Exchange in Riyadh, attended by SNB Capital’s Head of Securities, Loai Bafaqeeh, and Interactive Brokers’ Senior Executive Officer, James Bradie, from the Dubai office.
The Saudi Exchange is the largest in the Gulf Cooperation Council (GCC) and ranks among the top ten globally, with over 415 listed securities across 22 sectors. This partnership allows investors to diversify their portfolios with a range of Saudi financial products.
Milan Galik, Chief Executive Officer of Interactive Brokers, commented,
“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, added,
“Our collaboration with Interactive Brokers aligns perfectly with our strategic objectives and supports Saudi Vision 2030’s Financial Sector Development Program (FSDP), fostering a more advanced and diverse financial market.”
As international interest in the Saudi market continues to grow, this partnership offers new opportunities for global investors to tap into the region’s diverse and expanding financial landscape.
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