AI Summary
Sahm Capital (License No. 22251-25), regulated by the Capital Market Authority (CMA), announced its collaboration with Nasdaq to empower investors in Saudi Arabia with access to global market data. This partnership forms part of both parties’ ongoing efforts to support Saudi Vision 2030 and the continued development of the Kingdom’s financial and investment sectors.
Steven Chou, Chairman of Sahm Capital, stated that Sahm Capital has become the first Saudi-grown, fintech-driven financial company to be featured in New York’s Times Square, marking a significant milestone in showcasing the Kingdom’s financial innovation on the global stage. He added that the Sahm App, the company’s proprietary trading platform, seamlessly integrates real-time quotes, financial news, trading functions, and an investor community into one platform, achieving over one million users within its first year.
He emphasized that the collaboration with Nasdaq will enable local investors to benefit from the Nasdaq TotalView ®, offering accurate and transparent global market data, a symbolic step that builds a new bridge between Saudi Arabia and Wall Street, reflecting the Kingdom’s growing influence on the world financial stage.
Mr. Chou further mentioned that Sahm Capital is working closely with Nasdaq on the Sahm × Nasdaq Investor Education Program, a long-term initiative designed to make financial literacy more accessible. Through the upcoming Nasdaq Learning Hub on Sahm Academy, as well as a series of workshops and seminars, the program aims to help investors enhance their knowledge and confidence. This initiative reflects Sahm Capital’s broader commitment to empowering investors and supporting Saudi Arabia’s vision of becoming a regional financial hub.
Brandon Tepper, Senior Vice President and Global Head of Data at Nasdaq, stated that this collaboration aims to connect investors in Saudi Arabia and the wider region with global financial markets. He noted that Nasdaq operates exchanges in the United States, Canada, and Europe, and seeks to empower investors by providing access to investment opportunities in leading global companies, particularly those in the technology and high-growth sectors.
He added that Nasdaq is working toward integrating digital assets (tokenization) with traditional assets within a unified system, giving investors the ability to trade both digital and listed assets in a regulated and secure environment. This represents the next stage in the evolution of global financial markets.
Disclaimer: The statements herein are for informational and public relations purposes only and do not constitute an offer, solicitation, endorsement, or recommendation to buy or sell any securities. Nasdaq TotalView® is a market data service provided by Nasdaq, and Sahm Capital facilitates access to this data under applicable licensing agreements. The Sahm × Nasdaq Investor Education Program aims to enhance general financial literacy and does not provide personalized investment advice. References to digital asset developments are general market insights from Nasdaq and do not indicate that Sahm Capital currently offers or promotes digital asset trading, and all statements regarding future initiatives or services are subject to regulatory approvals where applicable.
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