Hashtag
Men's Weekly

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: .

Business News

How to Find the Right Lawyers in Melbourne for Your Legal Matter

When faced with a legal issue, finding the right lawyers in Melbourne can be the difference between a smooth resolution and a stressful ordeal. Whether you’re a business owner, a family in transitio...

Hashtag.net.au - avatar Hashtag.net.au

The Role of Mining Equipment Suppliers in Driving the Industry Forward

Mining is one of the most essential sectors for global economic growth, providing raw materials for construction, energy production, manufacturing, and technology. Behind the scenes, mining equipmen...

Hashtag.net.au - avatar Hashtag.net.au

Security Industry Transformation Through Advanced VR Training

Australia's security industry, protecting everything from shopping centres to critical infrastructure, faces increasingly complex challenges requiring sophisticated interpersonal skills alongside tr...

Hashtag.net.au - avatar Hashtag.net.au

Commercial Timber: A Sustainable Future for Construction?

In the world of construction, where materials are constantly scrutinised for their environmental impact and long-term viability, the spotlight is increasingly turning towards timber. But not just an...

Hashtag.net.au - avatar Hashtag.net.au

How Data Cabling Powers Your Business: An Explainer

In today's fast-paced business environment, reliable and efficient communication is paramount. At the heart of this communication lies something often overlooked but utterly essential: the network o...

Hashtag.net.au - avatar Hashtag.net.au

Rubbish Removals That Make Life Easier and Spaces Cleaner

Modern life comes with a lot of waste—both literal and metaphorical. Old appliances, broken furniture, yard debris, outdated electronics, and general clutter often build up faster than expected. Tha...

Hashtag.net.au - avatar Hashtag.net.au

Health & Wellness

Why Regular Visits to a Trusted Dentist Matter More Than You Think

Hashtag.net.au - avatar Hashtag.net.au

Seeing a dentist is often associated with pain or emergency situations. However, routine dental visits play a much larger role in maintaining not only oral health but your overall wellbeing. Whether...

5 Signs Your Loved One Might Benefit from In-Home Therapy Support

Hashtag.net.au - avatar Hashtag.net.au

Living with a disability or health condition can present daily challenges, especially when accessing regular therapy support outside the home. That’s why many individuals and their families are turn...

Connecting You to Community: The Role of Your NDIS Disability Services Provider in Inclusion

Hashtag.net.au - avatar Hashtag.net.au

(Source)When discussing disability services, it is tempting to focus on the practical aspects, such as daily routines, mobility aids, and support workers. However, after all that, there is another thi...