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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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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.
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.
