Interactive Brokers and SNB Capital announced a collaboration enabling eligible international investors to access the Saudi Exchange through the Interactive Brokers platform. This alliance makes Interactive Brokers the first global broker to allow foreign investors to directly own and trade securities listed on the Saudi Exchange.
Clients can now invest in Saudi equities, real estate investment trusts (REITs), and exchange-traded funds (ETFs) alongside global products from a single unified platform. The Saudi Exchange is among the top ten largest stock markets globally and is the dominant market in the Gulf Cooperation Council.
Milan Galik, CEO of Interactive Brokers, stated that this partnership expands the company's global product and market offerings at low cost. This initiative aligns with Saudi Vision 2030's goal to develop an advanced financial market and diversify its investor base.
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