Interactive Brokers and SNB Capital have announced a collaboration that will allow eligible international investors to access the Saudi Exchange through the Interactive Brokers platform. With this 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 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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IBKR:
- Interactive Brokers price target raised to $163 from $140 at Piper Sandler
- Interactive Brokers price target raised to $166 from $147 at Barclays
- Interactive Brokers price target raised to $165 from $152 at Jefferies
- Interactive Brokers reports 2.634M DARTs in September, up 46% year-over-year
- The SEC’s Approval of a New Pricing Scheme Benefits Investors, but Brokers May Suffer