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SNB Capital and Mala’a Announce Partnership to Boost Fintech Services in Saudi Arabia
Saudi Arabia’s largest asset manager, SNB Capital has signed a Memorandum of Understanding (MoU) with fintech provider Mala’a Technologies to provide simple and secure access to financial services, and increase the flexibility of financial transactions.
The partnership, which was announced at SNB Capital’s inaugural Investment Tycoons Forum today in Riyadh, will grant SNB Capital clients with access to the comprehensive digital financial planning and wealth management services offered through the Mala’a platform.
Such access to advanced technology and data-driven insights will help guide clients towards an informed and optimal decision-making process for their overall financial planning.
The app’s existing robo-advisory services will also now be complimented with knowledge and expertise from SNB Capital’s experienced financial team.
The move significantly enhances service offerings for Saudi retail investors and catalyzes growth and advancement in the Kingdom’s financial markets, while also adding to the sophistication of the wealth management landscape.
SNB Capital’s collaboration with Mala’a Technologies further strengthens the firm’s commitment to leveraging technology to future-proof businesses, shapes the growth of local and regional capital markets, and drives the efficiency and productivity of assets and people across the financial sector value chain.
“SNB Capital is committed to support and enable the fintech industry through providing innovative financial solutions that empower our clients and support the Kingdom’s goals. By spearheading the combination of financial know-how, AI, and fintech, SNB Capital is not just adapting to the new era of digital transformation but is actively driving it forward, marking a significant milestone in the industry's evolution and unlocking new avenues of growth for our clients," said Rashed Sharif, CEO of SNB Capital.
“We are pleased to announce a strategic partnership with SNB Capital, a collaboration poised to significantly support and amplify our mission to redefine wealth management for individuals in the Kingdom. Since Malaa's inception in October 2021, our relentless pursuit has been to deliver a distinctive financial experience, rooted in automation, to help our clients achieve their diverse financial outcomes. Leveraging cutting-edge technologies in Open Banking, artificial intelligence, and automated investment strategies, this partnership stands to enhance our integration of value chains, bolster efficiency, and minimize costs” said Ali Alorainy, CEO of Malaa Technologies.
This collaboration is aligned with the objectives of Vision 2030's National Fintech Strategy, which seeks to foster the growth of Saudi Arabia's fintech sector as a key component of the national economy.
The strategy sets ambitious targets, including establishing 525 fintech companies, creating 18,000 fintech-related jobs, contributing SAR 13.3 billion to the Saudi GDP and attracting SAR 12.2 billion in foreign investment into the sector by 2030.
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Ministry of Environment, Water and Agriculture Launches the “Namaa” Endowment Fund and Appoints SNB Capital as Fund Manager
The Ministry of Environment, Water and Agriculture has launched the “Namaa” Endowment Fund, an investment fund offered through a public offering and compliant with Sharia standards, with its units endowed to support nonprofit entities operating across the Kingdom’s environment, water, and agriculture ecosystem.
SNB Capital has been appointed as the fund manager, in a step that reinforces its pivotal role in developing the endowment sector by contributing to its transformation into a sustainable investment model.
The launch of the “Namaa” Endowment Fund aligns with the objectives of Vision 2030, as it aims to increase the contribution of the nonprofit sector to GDP and support the sustainability of the environment, water, and agriculture ecosystem. It also aims to channel capital toward environmental and developmental projects with measurable impact by preserving the endowment’s capital and reinvesting its returns.
This initiative reflects SNB Capital’s commitment to advancing the endowment sector through modern financial management tools that improve efficiency, reinforce economic impact, and deliver sustainable value in line with the goals of Saudi Vision 2030.
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.
