SNB Capital joins hands with Interactive Brokers to enable investors to access Tadawul

SNB Capital formed a partnership with Nasdaq-listed Interactive Brokers, an automated global electronic broker, to allow eligible international investors to access the Saudi Exchange (Tadawul) through the Interactive Brokers platform.

This alliance makes Interactive Brokers the first global broker to allow foreign clients to directly own and trade securities listed on Tadawul. Clients of Interactive Brokers can now invest in Saudi equities alongside global stocks, options, futures, bonds, funds, and more from a single unified platform.

This partnership will provide Interactive Brokers' clients with the opportunity to benefit from the variety of securities listed on Tadawul, expand their investment portfolios to include Saudi stocks, Real Estate Investment Trusts (REITs), and Exchange-Traded Funds (ETFs), and take advantage of trading in the largest financial market in the Middle East.

“Our collaboration with Interactive Brokers comes as an extension to our role as the Saudi national champion and perfectly aligns with our strategic objectives contributing to achieving the ambitious goals of Saudi Vision 2030’s Financial Sector Development Program (FSDP); to develop an advanced financial market and provide an effective investment platform with a diversified investor base,” said Rashed Sharif, Chief Executive Officer of SNB Capital.

“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,” said Milan Galik, Chief Executive Officer of Interactive Brokers.