Riyad Capital has recently been certified by the Saudi Stock Exchange (Tadawul) as an Independent Custody Services Provider on the Exchange and, as such, it has now become a Custodian Member of Tadawul.
Commenting on this development, Mr. Ali Al-Gwaiz, CEO of Riyad Capital said, “This step is in line with the recent initiatives undertaken by the local regulators to open the market for a wider range of qualified institutional investors in international markets, as well as developing related services to be consistent with best international standards.”
Riyad Capital is licensed by Saudi Arabia’s Capital Market Authority and has Tadawul membership to provide Brokerage services in addition to the newly acquired Independent Custodian membership. Riyad Capital offers a broad range of products and services to its Retail, HNWI & Institutional clients, including Brokerage, Asset Management, Investment Banking, Wealth Management and Securities Services. As part of its Securities Services offering, it offers segregated and independent Custody Services including Sub-Custodian services on Tadawul to its Institutional clients which include the Qualified Foreign Financial Institutions (QFIs) and QFI clients.