Alrajhi Capital Partners with EquiLend to Boost Securities Finance in Saudi Arabia

Alrajhi capital has chosen EquiLend as its securities finance technology partner. The Saudi Arabian firm aims to enhance its services with a full end-to-end solution. The move reflects a growing focus on securities lending in the Middle East. The partnership will see alrajhi capital use EquiLend’s product suite, including Spire, Post Trade, Data, and Trading. This is expected to create a more efficient and scalable securities finance business. Hossam E. Al Basrawi, CEO of alrajhi capital, stated the collaboration strengthens market infrastructure and delivers lasting value to clients and participants.

Abdullah Alghamedi, Director and Head of Custody & Securities Services at alrajhi capital, emphasised the goal of providing a seamless, secure, and Shariah-compliant experience. Mohammed Alkassem, Head of Securities Services, added that the partnership would drive growth and reinforce the firm’s leading position in the region.

Rich Grossi, CEO of EquiLend, expressed delight at the partnership. He noted that alrajhi capital’s commitment highlights the increasing importance of securities finance markets across the Middle East. Simon Heath, Chief Strategy Officer at EquiLend, saw the decision as recognition of the need for robust technology infrastructure in Saudi Arabia. Dimitri Arlando, Director and Head of EMEA Sales at EquiLend, praised alrajhi capital’s careful and engaged approach in selecting a technology partner. The agreement provides alrajhi capital with advanced tools to improve its securities finance operations. The partnership is set to expand the firm’s capabilities while meeting regional demand for secure and compliant financial services. EquiLend’s solutions will support the firm’s long-term growth in the sector.