The Times Australia
News From Asia

.
Times Media

.

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: .

The Times Features

Designer Wardrobe reports surge in pre-loved wedding gowns

As Australia’s wedding season approaches, and amidst a challenging cost of living backdrop, new insights from Designer Wardrobe reveal that Australia and New Zealand (ANZ) brid...

DIY Bathroom Remodel: Essential Tips for a Fresh Look

As the home improvement craze continues to grow, more folks are diving into the world of DIY projects to transform their living spaces. Among these, bathroom remodels have gain...

STI rates are increasing among midlife and older adults. We need to talk about it

Globally, the rates of common sexually transmissible infections[1] (STIs) are increasing among people aged over 50. In some cases, rates are rising faster than among younger pe...

The Gift That Keeps Growing: Why Tinybeans+ Gift Cards are a game-changer for new parents

As new parents navigate the joys and challenges of raising a child in the digital age, one question looms large: how do you preserve and share your baby's milestones without co...

Group Adventures Made Easy: How to Coordinate Shuttle Services from DCA to IAD

Traveling as a large group can be both exciting and challenging, especially when navigating busy airports like DCA (Ronald Reagan Washington National Airport) and IAD (Washington...

From Anxiety to Assurance: Proven Strategies to Support Your Child's Emotional Health

Navigating the intricate landscape of childhood emotions can be a daunting task for any parent, especially when faced with common fears and anxieties. However, transforming anxie...

Times Magazine

Key Things To Do Before Choosing A Funeral Director

When it comes to planning a funeral, there are many aspects involved in ensuring a smooth-sailing burial service or wake. However, it can get overwhelming to organise a funeral on your own while grieving, especially if the deceased is your loved on...

IKEA and Sonos release NEW WiFi Picture Frame Speaker

Finally, the SYMFONISK picture frame that plays your favourite tunes, now available in Australia.The New SYMFONISK picture frame WiFi speaker will be available in Australian stores and online from January 2022, retailing at $299 each.Customers wi...

BLUETTI EB3A Portable Power Station review

At work and on assignment The crew at TheTimes.com.au were offered the opportunity to carry out a long term test of a BLUETTI power station. When the EB3A power station arrived by courier, we unpacked it with enthusiasm and some curiosity as none o...

The perfect place: how to properly use a jewellery box

There is nothing worse than going to wear one of our favourite pieces only to realise it has depreciated with time. It’s a sad disappointment to see special pieces suffer with time, and for this reason many people invest in high quality jewellery...

The Benefits of Rooftop Gardens

Rooftop gardens have a long history, dating back to the ancient Mesopotamian ziggurats constructed between 4000 and 600 BC, like most things from thousands of years ago. The roof gardens created a set of steps along the stepped pyramid's outside...

InVideo Review : Video Creation Tools

So, you have the best and the most exclusive idea for your brand story, and you cannot wait to show this to the world. The best way to put your brand story across is a video, but you hesitate because making and editing a video are ordeals. The e...