Technology provider Centroid Solutions announced on Monday that it has integrated with Aljazira Capital, a Saudi Arabian financial services business.
Aljazira provides investment banking, asset management, and brokerage services. It is the latter service that Centroid has integrated its technology with.
The partnership means Centroid clients can access the Saudi markets that Aljazira is connected to.
That includes local equities and fixed income products, as well as other regional Gulf country exchange products.
“Aljazira Capital is always eager to offer premier brokerage services to investors willing to capitalize on opportunities the Saudi Stock Market has to offer,” said Aljazira CEO and Managing Director Naif Almesned.
“This strategic objective drives our effort in expanding our brokerage capabilities through trusted partners. Hence, our agreement with Centroid Solutions is a very strategic move towards achieving our objectives of preserving AJC’s position as a prime broker in the Saudi Market.”
Aljazira is the latest in a series of new integrations that Centroid has made over the last few months. That includes a partnership with SNB Capital, the largest investment bank in Saudi Arabia, and Arqaam Capital, a UAE-base firm that provides a similar set of servies to Aljazira.
