Press Release

GREENWICH, CT, October 9^th, 2024 - Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, and SNB Capital, the leading broker on the Saudi Exchange and largest investment bank in the Kingdom of Saudi Arabia, have announced a collaboration that will allow eligible international investors to access the Saudi Exchange through the Interactive Brokers platform.

With this landmark alliance, Interactive Brokers is the first global broker to allow foreign investors to directly own and trade securities listed on the Saudi Exchange. Clients of Interactive Brokers can now invest in Saudi equities alongside global stocks, options, futures, bonds, funds, and more from a single unified platform.

The collaboration was launched today during a bell-ringing ceremony at the Saudi Exchange, in Riyadh, with the presence of SNB Capital’s Head of Securities Loai Bafaqeeh and James Bradie, IBKR’s Senior Executive Officer for Interactive Brokers’ new office in Dubai International Finance Center.  

The Saudi Exchange is among the top ten largest stock markets within the 72 members of the World Federation of Exchanges and is the dominant market in the Gulf Cooperation Council (GCC), with over 415 listed securities across 22 sectors, offering a versatile and diverse landscape of listed securities. Clients of Interactive Brokers can diversify and expand their investment portfolios to include Saudi stocks, real estate investment trusts (REITs), and exchange-traded funds (ETFs) that trade on the Middle East’s largest stock exchange, broadening their investment prospects.

“We are pleased to work with SNB Capital and give investors the ability to trade Saudi equities in addition to our already vast array of global products and markets at low cost,” said Milan Galik, Chief Executive Officer of Interactive Brokers.

Saudi Arabia, the largest economy by GDP and leading capital market in the Middle East, is currently undergoing significant social and economic transformation under its overarching national strategy, Saudi Vision 2030, which aims to further develop an already diversified, accessible, and competitive economy.

“Our collaboration with Interactive Brokers comes as an extension to our role as the Saudi national champion and perfectly aligns with our strategic objectives contributing to achieving the ambitious goals of Saudi Vision 2030’s Financial Sector Development Program (FSDP); to develop an advanced financial market and provide an effective investment platform with a diversified investor base,” said Rashed Sharif, Chief Executive Officer of SNB Capital. 

For more information about access to the Saudi Exchange through Interactive Brokers, please visit:

US - Saudi Arabia Stock Exchange (and countries served by IB LLC)
Canada - Saudi Arabia Stock Exchange
United Kingdom - Saudi Arabia Stock Exchange
Europe - Saudi Arabia Stock Exchange
India - Saudi Arabia Stock Exchange
Hong Kong - Saudi Arabia Stock Exchange
Singapore - Saudi Arabia Stock Exchange
Australia - Saudi Arabia Stock Exchange

The Best Informed Investors Choose Interactive Brokers 

About Interactive Brokers Group, Inc.:

Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities, and foreign exchange around the clock on over 150 markets in numerous countries and currencies, from a single unified platform to clients worldwide. We serve individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation has enabled us to equip our clients with a uniquely sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments. Interactive Brokers has consistently earned recognition as a top broker, garnering multiple awards and accolades from respected industry sources such as Barron’s, Investopedia, Stockbrokers.com, and many others.

Contact for Interactive Brokers Group, Inc. Media: Katherine Ewert, media@ibkr.com

About SNB Capital:

SNB Capital Company, a licensed entity by Capital Market Authority (CMA), is a leading regional financial institution with deep industry expertise across five business lines: Asset Management, Wealth Management, Securities, Investment Banking, and Principal Investments. SNB Capital is the largest asset manager in Saudi Arabia with SAR 260 billion (USD 69.3 billion) of assets under management as of March 2024. SNB Capital (DIFC) Limited is established in the DIFC and regulated as a category 3A prudential financial institution by the DFSA specializing in the asset management of alternative assets.  

Further information is available at www.alahlicapital.com. Follow SNB Capital on Twitter @Capital_SNB