Derayah Financial and Tamra Capital form strategic alliance to enhance digital investment and enrich Saudi financial sector

The signing ceremony

Derayah Financial Company ("Derayah Financial") announced signing a strategic partnership agreement with Tamra Capital on the sidelines of the Money 20/20 Middle East Conference. The strategic partnership seeks to accelerate innovation and deliver advanced financial solutions that align with the fast-evolving local and regional markets, while supporting the objectives of the Financial Sector Development Program, one of Vision 2030’s key initiatives. 

According to a statement by Derayah, the partnership between Derayah Financial and Tamra Capital will leverage the former’s strong expertise in asset management and Tamra Capital’s technological capabilities to develop joint investment products and funds. This collaboration will also enable Tamra Capital to broaden its range of investment services. 

Mishal Alhaqbani, Chief Commercial Officer at Derayah Financial, commented in this respect: “Signing this agreement with Tamra Capital marks an important strategic step toward empowering investors through innovative digital platforms. We believe such partnerships are fundamental to supporting the fintech sector and strengthening its role in delivering the goals of Vision 2030 and the Financial Sector Development Program.” 

Omar Hashem, Chairman of Tamra Capital, added: “This alliance with Derayah Financial, a leading asset manager, represents a new milestone in our journey to deliver broader and more in-depth financial services. We see this partnership as an opportunity to create real value for our clients while reinforcing the Kingdom’s position as a regional hub for financial innovation.”