Technology Driving Saudi Arabia’s Financial Sector
At the 24 Fintech event in Riyadh, Steven Chou, Chairman of Sahm Capital and Chief Strategy Officer of Valuable Capital Group Limited, emphasized the transformative impact of technology on Saudi Arabia’s financial sector. The event drew nearly 37,000 visitors, over 300 brands, and 350 investors, serving as a crucial forum for fintech innovation.
Steven highlighted Sahm Capital’s pioneering efforts as the first brokerage on Tadawul to implement a proprietary Settlement & Clearing System. “Our system captures the entire trading cycle, offering seamless and efficient services to Saudi investors,” he noted. This platform enhances product flexibility and investor access to the growing Saudi market.
Sahm Capital remains in ongoing discussions with the Capital Market Authority (CMA) and Tadawul to improve Know Your Customer (KYC), Anti-Money Laundering (AML), and suitability test procedures. “Our aim is not just compliance,” Steven explained, “but ensuring every transaction meets our clients’ needs for a smooth and efficient experience.”
Sahm App: Revolutionizing Investor Access
Launched in December 2023, the Sahm App is a groundbreaking platform in Saudi Arabia, allowing users to trade in both Saudi and U.S. markets seamlessly. The app offers streamlined account setup, smooth transitions between markets, and features like market quotes, company data, 24/7 news, investor education materials, and analysis tools, significantly enhancing the trading experience.
“We’ve recognized the increasing demand for sophisticated and personalized investment solutions among Saudi investors,” Steven shared. “This drives our continuous updates—10 major enhancements in just 8 months—keeping the app at the forefront of trading services.”
A Rapidly Growing Force in Saudi Arabia
Sahm Capital’s innovative strategies have quickly made it one of the fastest-growing brokerages in Saudi Arabia, now ranking among the top 20. As the company grows, Steven reaffirmed Sahm’s commitment to continually evolving the platform with new features and products to meet client needs.