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

alrajhi capital has chosen EquiLend as its technology partner for securities finance. The move aims to develop Shariah-compliant solutions in Saudi Arabia’s growing capital markets. The partnership will see EquiLend provide a full end-to-end solution to alrajhi capital. This includes EquiLend Spire, Post Trade, Data, and Trading tools. The firm expects to build a more efficient and scalable securities finance business with these products.

Hossam E. Al Basrawi, CEO of alrajhi capital, stressed the importance of securities financing in mature markets. He also reaffirmed the company’s commitment to leading Shariah-compliant innovation in the Kingdom. Mohammed Alkassem, Head of Securities Services, added that the collaboration strengthens infrastructure for lending capabilities and future growth.

Rich Grossi, CEO of EquiLend, welcomed the partnership and noted the rising significance of securities finance in the Middle East. Dimitri Arlando, Head of EMEA Sales at EquiLend, praised alrajhi capital’s proactive approach in defining its technology requirements. Simon Heath, Chief Strategy Officer at EquiLend, highlighted that the adoption reflects the increasing recognition of strong tech infrastructure in Saudi Arabia’s lending potential.

Abdullah Alghamedi, Director and Head of Custody & Securities Services at alrajhi capital, pledged to deliver a seamless and secure experience for clients, fully aligned with Shariah principles. The agreement will enable alrajhi capital to expand its securities lending operations. EquiLend’s suite of products is set to support the firm’s growth and efficiency in the sector. The partnership underscores a shared focus on advancing compliant and robust financial solutions in the region.