Derayah Financial renews ‘Argaam Plus’ service distribution agreement

Logos of Argaam Investment Co. and Derayah Financial Co.

Derayah Financial Co. renewed its “ArgaamPlus subscription distribution agreement” with Argaam Investment Co., under which ArgaamPlus financial data packages and services will be distributed via Derayah platform.

Under the agreement, Derayah customers can subscribe to the service, which will be known as Argaam-Derayah service. They will have a monthly, prepaid exclusive access to view companies’ financial statements.

Abdulaziz Al-Obaid, Head of Sales and Customer Relations at Argaam said: “Through this agreement with Derayah Financial, a leading player in the financial sector, we seek to offer the Argaam-Derayah service in the Saudi stock market for monthly and affordable subscriptions. We are well-convinced that this collaboration will also enable wider audience to have access to the Saudi market, and support Argaam Investment mission that aims to raise investment awareness among market participants.”

Mishal Alhaqbani, Chief Brokerage Officer at Derayah Financial, said: “Cooperating with Argaam Investment to offer the Argaam-Derayah service represents an added value to our clients and those interested in the financial content, as well as the coverage of the Saudi economy and capital markets, backed by a wide database. This partnership further enhances Derayah's message of offering the best services and investment products, which help customers take insightful investment decisions.”

Alhaqbani added that the service will be offered at variable subscription rates, based on the categories of our customers.