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SNB Capital Launches Market Access Services, Further Enabling Foreign Access to Saudi Capital Market
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.
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SNB Capital Named Best in Saudi Arabia for ECM, Research, and Islamic Structured Finance
SNB Capital has received three Euromoney awards, recognizing its leadership across equity capital markets, research, and Islamic structured finance. The institution was named Saudi Arabia's Best Investment Bank for Equity Capital Markets (ECM) and Saudi Arabia's Best for Research at the Euromoney Awards for Excellence 2026, and Saudi Arabia's Best Islamic Structured Finance House at the Euromoney Islamic Finance Awards 2026.
The Euromoney Awards for Excellence and Islamic Finance Awards are among the global finance industry’s most trusted recognitions, honoring institutions for their leadership, innovation, and client impact.
SNB Capital maintains a leading position in Saudi Arabia’s ECM market, holding more than 50% market share[1] at the end of 2025 and advising on the SAR 7.13 billion (USD 1.9 billion) ACWA Power rights issue, the Kingdom’s largest ECM transaction that year.[2]
That same market leadership carried into Islamic structured finance, where SNB Capital acted as joint lead on Saudi Real Estate Refinance Company's SAR 7.5 billion (USD 2 billion) Regulation S Guaranteed Sukuk in February 2025, one of the Kingdom's landmark Shariah-compliant financing transactions.
Underpinning both, SNB Capital launched its enhanced Research Portal, releasing 1,958 reports that delivered key investor insights and supported greater transparency across the Saudi capital market.
Together, these awards highlight SNB Capital’s contribution to Saudi Arabia’s capital markets, reaffirming its position as the institution of choice for issuers and investors seeking best-in-class execution, analysis, and Shariah-compliant solutions in the Saudi market.
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SNB Capital Announces Successful Financial Close of USD 456 Million Landmark ECA Financing
SNB Capital is pleased to announce the successful financial close of a USD 456 million Export Credit Agency (ECA) financing, with Swiss Export Risk Insurance (SERV) providing cover.
SNB Capital acted as Sole Financial Advisor and Global Coordinator on the transaction, structuring and delivering a complex ECA-backed financing solution that establishes a new source of long-term foreign currency funding.
The financing was supported by a group of leading international financial institutions, comprising Santander CIB, Standard Chartered Bank, and UBS. The financing includes ECA support in connection with the export of equipment and services provided by GE Vernova. Proceeds from the financing support a large-scale power generation project in the Kingdom, aligned with Saudi Arabia’s energy transition strategy.
The transaction represents a number of important milestones for the broader Saudi financing landscape, including the first on-lending structure at this scale across the region, demonstrating the scalability and effectiveness of this financing model.
This milestone underscores the continued evolution of the Saudi financing landscape – broadening access to global liquidity pools and reinforcing the Kingdom’s position as a key destination for structured and ECA-supported financing solutions.
Commenting on the transaction, Maher Roz, Head of Corporate Finance at SNB Capital, said: “This transaction represents a significant milestone, establishing access to on-Lending ECA-backed financing as a new and strategic funding channel. It also highlights the growing role of structured financing solutions in enabling long-term, competitive funding for large-scale infrastructure and energy transition projects in the Kingdom.”
The successful execution of this transaction further demonstrates SNB Capital’s ability to originate and deliver complex structured financing solutions, strengthening its position as a trusted financial advisor on landmark transactions across the region.
