Alrajhi Capital Partners With EquiLend to Expand Securities Finance Tech

Alrajhi Capital has chosen EquiLend as its securities finance technology partner. The collaboration aims to boost the firm’s lending capabilities and support future expansion. Executives from both companies have highlighted the strategic importance of the deal. 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 plans to use these to build a more efficient and scalable securities finance business.

Hossam E. Al Basrawi, CEO of alrajhi capital, stated that securities financing is vital for mature capital markets. He added that the company is committed to developing Shariah-compliant solutions in Saudi Arabia. Mohammed Alkassem, Head of Securities Services, believes the deal will strengthen infrastructure and drive growth.

EquiLend’s leadership also expressed enthusiasm. CEO Rich Grossi called the partnership a significant step. Simon Heath, Chief Strategy Officer, noted it reflects Saudi Arabia’s growing recognition of strong technology infrastructure in securities lending. Dimitri Arlando, Head of EMEA Sales, praised alrajhi capital’s careful approach in selecting its technology needs.

Abdullah Alghamedi, Director of Custody & Securities Services at alrajhi capital, aims to deliver a seamless, secure, and Shariah-compliant experience for clients through the partnership. The collaboration underscores alrajhi capital’s focus on advancing securities finance in the Middle East. EquiLend’s technology will support the firm’s goal of offering compliant and efficient services. The partnership marks a key development for the region’s financial markets.