alrajhi capital Chooses EquiLend for Securities Finance Technology
Securities finance technology is rapidly transforming capital markets, and alrajhi capital is taking a strategic step by selecting EquiLend as its technology partner. This partnership is designed to empower alrajhi capital as it builds and expands its securities lending business, positioning the company to better serve institutional investors and market participants across the Kingdom of Saudi Arabia and beyond.
Driving Growth Through Advanced Securities Finance Technology
EquiLend, recognized globally for its leadership in securities finance technology, will provide alrajhi capital with an end-to-end technology suite. The comprehensive offering includes the EquiLend Spire platform for books and records, post-trade processing, data management, and trading solutions. By leveraging these tools, alrajhi capital aims to establish a more efficient, scalable, and secure securities finance infrastructure.
Rich Grossi, CEO of EquiLend, expressed enthusiasm about the collaboration, noting, “We are delighted that alrajhi capital has chosen to partner with EquiLend and join our global Securities Finance community. As one of the Middle East’s leading financial institutions, alrajhi capital’s commitment to securities finance technology reflects the increasing significance of these markets in the region. Our goal is to support their journey with best-in-class technology and deep industry expertise.”
Strategic Alignment with Saudi Arabia’s Vision 2030
alrajhi capital’s adoption of EquiLend’s technology aligns with Saudi Arabia’s Vision 2030, a national initiative aimed at diversifying the economy and strengthening the Kingdom’s capital markets. Simon Heath, EquiLend’s Chief Strategy Officer, highlighted the importance of robust technology infrastructure for the development of the securities lending sector. He noted that alrajhi capital’s stature as the world’s largest Islamic bank by assets brings credibility and depth to Saudi Arabia’s securities lending market, supporting increased liquidity and market participation.
Commitment to Shariah-Compliant and Scalable Solutions
Hossam E. Al Basrawi, CEO of alrajhi capital, emphasized the company’s commitment to leading the development of Shariah-compliant securities financing solutions. He stated, “Our partnership with EquiLend marks an important step in strengthening market infrastructure and delivering sustainable value to clients and market participants. We are investing in capabilities that enhance market depth, expand access, and contribute to the long-term growth of the Kingdom’s capital markets.”
Mohammed Alkassem, Head of Securities Services at alrajhi capital, reinforced the focus on scalability and sustainability. He explained that the partnership would help build a foundation for future growth, innovation, and the evolving needs of institutional investors.
Enhancing Operational Capabilities and Market Access
Abdullah Alghamedi, Director and Head of Custody & Securities Services at alrajhi capital, noted that delivering a seamless, secure, and Shariah-compliant securities financing experience is a top priority. Leveraging EquiLend’s expertise, alrajhi capital aims to broaden market accessibility and maintain high standards of service excellence. The adoption of advanced securities finance technology will enable alrajhi capital to provide greater value to clients while supporting the continued growth and sophistication of Saudi Arabia’s securities finance market.
About EquiLend and alrajhi capital
EquiLend is a global financial technology firm specializing in trading, workflow automation, data and insights, and digital solutions for the securities finance industry. With a presence across North America, EMEA, and Asia-Pacific, EquiLend adheres to the highest regulatory standards and is recognized for its innovation and excellence in the sector.
alrajhi capital, licensed by the Capital Market Authority of Saudi Arabia, is a leading investment services provider offering a wide range of financial solutions, including asset management, brokerage, investment banking, and advisory services. The company is dedicated to transparency, sustainable growth, and delivering innovative investment solutions to individual and institutional clients.
Conclusion: Shaping the Future of Securities Finance in Saudi Arabia
The partnership between alrajhi capital and EquiLend signals a significant advancement for the Kingdom’s financial ecosystem. Through the integration of advanced securities finance technology, alrajhi capital is set to enhance its operational efficiency, expand its securities lending business, and support the broader development of Saudi Arabia’s capital markets in alignment with Vision 2030.
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