RIYADH, SAUDI ARABIA –
Media OutReach Newswire – September 8, 2024 – Steven Chou, Chairman of Sahm Capital and Chief Strategy Officer of Valuable Capital Group Limited, highlighted the transformative role of technology in the Saudi financial sector during his keynote address at the 24th edition of Fintech in Riyadh. The event attracted 36,959 visitors, over 300 brands and 350 investors from the sector, making it a key platform for discussing fintech innovation.
During the panel discussion, Steven highlighted Sahm Capital’s leadership position as the first broker on Tadawul to implement a proprietary settlement and clearing system. “Our system captures the entire trading cycle, providing Saudi investors with seamless and efficient services,” Steven said. “This unique platform also allows us greater flexibility in product and service offerings, improving investor access to the growing Saudi market.”
In addition, Sahm Capital remains in constant dialogue with the Capital Market Authority (CMA) and Tadawul to refine Know Your Customer (KYC), Anti-Money Laundering (AML) and suitability testing procedures. “Our focus is not just on compliance,” Steven explained, “it’s on ensuring that every transaction reflects our customers’ needs and preferences, providing them with seamless and efficient experiences.”
Sahm App: Revolutionizing Investor Access
Launched in December 2023, the Sahm App is a first-of-its-kind platform, developed in-house in the Kingdom, that allows users to trade seamlessly across Saudi and US markets. By offering simplified account setup, seamless transitions between stock markets, and a range of features including market quotes, company data, 24/7 news, investor education materials, and analytical tools, the app enhances the overall trading experience.
“We have identified a growing demand for more sophisticated and personalized investment solutions among Saudi investors,” said Steven. “This demand drives our continuous updates (10 significant improvements in just 8 months), which keeps the app at the forefront of trading services.”
A growing force in Saudi Arabia
Sahm Capital’s innovative approach has quickly positioned it as one of the fastest growing brokers in Saudi Arabia, now ranking among the top 20 brokers in the Kingdom. As the business grows, Steven reaffirmed Sahm’s commitment to continually evolve the platform with new features and products that meet client needs.
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