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SNB Capital Begins Saudi Securities Lending Journey with Broadridge
To address recent regulatory changes, SNB Capital has chosen global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR), to help build its local securities lending and borrowing business. As the largest broker and asset manager by market share in 2022 and a leading custodian in Saudi Arabia, SNB Capital will leverage Broadridge’s Securities Finance and Collateral Management (SFCM) solution to grow the coverage of its Securities Services offering on local assets.
“Broadridge is excited to grow its strong partnership with SNB Capital as we jointly continue to bring more value to SNB Capital’s clients with a new securities lending & borrowing service offering, across multi-custody principal and agency trading models.” said Darren Crowther, Head of Securities Finance and Collateral Management, Broadridge. “Global markets are increasingly complex with greater numbers of potential revenue streams across the business. Broadridge’s SFCM solution enables firms to start up rapidly, capture securities finance growth opportunities whilst integrating seamlessly with other internal or external systems, to help them meet their regulatory obligations, and streamline their operations.”
“SNB Capital is perfectly positioned to satisfy strong demand for securities lending and borrowing across Saudi Arabia,” says Loai Bafaqeeh, Head of Securities Division, SNB Capital. “With Broadridge, and their SFCM solution- our joint efforts will provide global SBL expertise, an end-to-end platform with the required trading, operations and connectivity, and the capacity to rapidly bring this product to market based on the updated regulatory and market structure provided by Saudi Exchange and Securities Depository Centre (Edaa).”
SNB Capital is expanding its financial markets footprint, with the recent approval of market making rules, as well as the 2022 green light for the amended Securities Borrowing and Lending Regulations which was finalised last year by the Saudi Exchange & Edaa. This aligns the Saudi market with international best practices, allowing innovative forward-looking institutions, like SNB Capital, to drive the creation of client-driven securities lending and borrowing programs. As early adopters to these new regulations and the opportunities they bring, SNB Capital is implementing SFCM- Broadridge’s full lifecycle agency and principal securities lending solution- to deliver all aspects, front-to back, of borrowing and lending trading and operational needs, with scalability for the future as they continue to expand.
Broadridge’s SFCM is a functionally rich, front-to-back SaaS solution for securities finance, used widely across the global buy- and sell-side securities lending, repo, and collateral trading markets. SFCM has given firms the ability to improve their existing securities finance businesses and expand into new global markets and opportunities, with a core foundation that is fully scalable for business growth.
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SNB Capital and Investcorp Announce Strategic Partnership
SNB Capital announces a strategic partnership with Investcorp Saudi Arabia Financial Investments Company (Investcorp), focused on cooperation across asset management, investment banking, and wealth management.
The partnership brings together SNB Capital’s strong investment banking expertise and capabilities in fund structuring and development with Investcorp’s global investment platform and deep experience across alternative asset classes.
The aim of the collaboration is to originate and capitalize on investment opportunities in Saudi Arabia and internationally, spanning private equity, real assets, and credit.
SNB Capital’s partnership with Investcorp allows the group to access compelling opportunities in priority sectors, support capital formation, and contribute meaningfully to the Kingdom’s ongoing economic transformation.
As Saudi Arabia’s growth accelerates, sectors such as technology, logistics, healthcare, and infrastructure are experiencing rapid expansion, creating compelling opportunities for strategic capital deployment that support long-term economic diversification, resilience, and global competitiveness.
Leveraging deep local market expertise, strong regulatory engagement, and a proven track record of structuring and executing landmark transactions, SNB Capital supports the advancement of Saudi Arabia’s capital markets, in line with the Kingdom’s Vision 2030 objectives.
A strategic partnership between “SNB Capital” and “Orion” to support the mining industry and enhance access to essential commodities in the Kingdom
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.
