Orion Resource Partners LP (“Orion”), a leading global investment firm specializing in mining and metals, and SNB Capital, Saudi Arabia’s leading capital market institution and a subsidiary of the Saudi National Bank, announced today that they have entered into a strategic partnership to support the development of the Kingdom’s mining and metals industry.

This partnership, the first of its kind in the mining sector in the Kingdom, aligns with Saudi Arabia’s Vision 2030 strategy, which provides a powerful catalyst for national support of the mining sector, energy transition initiatives, and the growing demand for commodities, in particular, critical minerals required to meet expanding industrial and infrastructure needs.

The partnership will aim to leverage Orion’s deep technical, financial, and operational expertise across the global metals and mining value chain, with SNB Capital’s strong local market presence and institutional capabilities. Working together, Orion and SNB Capital will seek to identify and support mining and midstream projects within the Kingdom, with a particular focus on opportunities that have the potential to advance into near-term production. The proposed investment strategy will be in projects that support the development of secure, diversified, and resilient critical minerals supply chains. The financial commitments of both parties are not disclosed.

Abdulrahman Almashal, Chief of Staff, SNB Capital, said: “This partnership represents the continuation of SNB Capital’s efforts to support the Kingdom’s Vision 2030. Saudi Arabia is poised to emerge as a major global participant in the critical minerals sector, with significant untapped resources, strong industrial ambition, and a strategically advantageous geographic position. As a trusted strategic partner and advisor, we believe developing world-class mining and mid-stream capabilities has the potential to create long-term value for the Kingdom’s markets. We are excited to partner with Orion to achieve these aims.”

Tim Keating, Managing Partner, who will lead the partnership for Orion, said:“This represents a compelling opportunity at an important moment for the Kingdom’s mining industry. Demand for critical minerals is accelerating globally, and Saudi Arabia’s Vision 2030 provides a strong strategic framework to support the development of domestic mining and processing capabilities. We are delighted to work alongside SNB Capital to deploy capital thoughtfully and responsibly into high-quality mining and mid-stream assets, contribute FDI to the Kingdom, and support its long-term economic diversification and industrial ambitions.”

Further announcements and details about the partnership will follow in due course.

SNB Capital has launched its Market Access Services enabling foreign financial institutions to provide custody and trading access to their clients on the Saudi Exchange.  The platform leverages the significant regulatory update published by the Capital Market Authority (CMA), opening the Saudi Exchange’s Main Market to all categories of foreign investors, effective 1 February 2026.

SNB Capital’s Market Access Services are available to eligible foreign financial institutions, providing a one-stop solution to enable account opening, funding, custody, and trading for their clients on the Saudi Exchange while supporting decision making through a wide, comprehensive research coverage of the Saudi market.  The solution provides multiple options for institutions to connect and trade including co-located FIX order routing, API based integrations and institutional grade technology systems.

SNB Capital has worked with multiple global financial institutions, brokerage firms, and technology solutions since 2019 to provide their clients access to the Saudi Exchange within the previous QFI and foreign investors regulatory framework.  This included a landmark agreement with Interactive Brokers (IBKR) to enable access to the Saudi Exchange in October 2024, amongst other market leading partnerships.

“The launch of our Market Access Services is a key milestone in the evolution of services SNB Capital provides to global institutions and their end clients.  We have already enabled access for over 160,000 investors including retail, institutions and corporates; and will continue to forge more partnerships with financial institutions to provide access to Saudi capital markets for a wider global investor base,” said SNB Capital’s Head of Securities Jalal Faruki.