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Home » Sahm Capital Chairman highlights role of technology in growth and innovation at 24 Fintech in Riyadh
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Sahm Capital Chairman highlights role of technology in growth and innovation at 24 Fintech in Riyadh

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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 speech at 24 Fintech in Riyadh. The event attracted 36,959 visitors, over 300 brands and 350 industry investors, making it a key platform for discussion on fintech innovation.

During the panel, Steven presented Sahm Capital’s leadership position as the first brokerage on Tadawul to implement a proprietary settlement and clearing system. “Our system captures the entire trade cycle, providing Saudi investors with transparent and efficient services,” said Steven. “This unique platform also allows us greater flexibility in our product and service offerings, improving investor access to the growing Saudi market. »

In addition, Sahm Capital remains in continuous dialogue with the Capital Market Authority (CMA) and Tadawul to refine know your customer (KYC), anti-money laundering (AML) and testing procedures. ‘adequacy. “Our goal is not just compliance,” explained Steven, “it’s about ensuring that every transaction reflects the needs and preferences of our customers, delivering smooth and efficient experiences.”

Sahm application: revolutionizing investor access

Launched in December 2023, the Sahm app is the first self-developed platform of its kind in the Kingdom, allowing users to transact seamlessly across the Saudi and US markets. By providing simplified account setup, seamless transitions between stock markets and a range of features including stock quotes, company data, 24/7 news, investor education materials and tools analysis, the application improves the overall trading experience.

“We identified the growing demand for more sophisticated and tailored investment solutions among Saudi investors,” explained Steven. “This demand drives our continued updates – 10 significant improvements in just 8 months – keeping the app at the forefront of trading services.”

A rapidly growing force in Saudi Arabia

Sahm Capital’s innovative approach has quickly positioned it as one of the fastest growing brokerages in Saudi Arabia, now ranking among the top 20 brokerages in the Kingdom. As the company grows, Steven reaffirmed Sahm’s commitment to continually evolving the platform with new features and products to meet customer needs.

https://www.alsahm.com/

Hashtag: #Brokerage #Sahm

The issuer is solely responsible for the content of this announcement.

About Sahm Capital

Registered in Riyadh, Sahm Capital holds licenses (22251-25) from the Capital Market Authority (CMA) to provide trading, advisory and custody services in Saudi Arabia, making it the leading international online brokerage to provide online brokerage services in Saudi Arabia. The company is also a registered member of the Saudi Stock Exchange, as well as its subsidiaries, the Securities Depository Center Company (Edaa) and the Securities Clearing Center Company (Muqassa). For more information about Sahm, please visit: https://www.sahmcapital.com/

About the Sahm app

Developed by Sahm Capital, the Sahm app is a proprietary platform specifically designed for investors in Saudi Arabia. It allows users to trade seamlessly in the Saudi and US markets at their fingertips. With its user-friendly interface and a diverse range of investment options, the Sahm app has quickly become one of the top three free financial apps in the Kingdom.

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