Derayah Financial and Alpaca Join Forces to Expand Foreign Investor Access to Saudi Arabia’s Market

Derayah Financial has announced a strategic partnership and investment agreement with Alpaca, a global leader in financial brokerage infrastructure technology. This collaboration aims to deliver digital-driven trading solutions that empower investors in both local and international markets, while opening seamless access to Saudi Arabia’s stock market for foreign non-residents.

The partnership marks a pivotal step toward enabling local fintech companies to leverage financial markets domestically and internationally. Together, Derayah and Alpaca will develop bespoke solutions tailored to the unique needs of fintech companies, supported by the expertise and reliability of both partners.

Alpaca’s platform, already connecting millions of global investors, will now extend its capabilities to the Saudi Stock Exchange (Tadawul). This initiative allows international investors to tap into the vast opportunities of the Saudi market, further establishing its position as a leading global investment destination.

 
Mohammed Al-Shammmasi, CEO of Derayah Financial, stated:
"This partnership represents our commitment to driving digital innovation and combining local market insights with globally recognized technologies. It reinforces our leadership in the Kingdom’s fintech sector, ensuring that foreign individual and institutional investors can seamlessly and efficiently access the Saudi market."

Yoshi Yokokawa, Co-Founder and CEO of Alpaca, shared his enthusiasm for the collaboration:
"We are excited to partner with Derayah to broaden access to financial markets across the Middle East. This initiative aligns with our mission to make financial markets accessible to investors worldwide through innovative, digital-driven solutions."

This partnership aims to empower investors with unprecedented access to opportunities in Saudi Arabia and beyond.

Enhance foreign investment inflows into the Saudi market.

Position Saudi Arabia as a prominent global financial hub, attracting a diverse range of international investors.

Bolster the Kingdom’s fintech infrastructure and support its rapid evolution.

Al-Shammasi also lauded the efforts of the Capital Market Authority and Saudi Tadawul Group in transforming the local financial market to align with global standards. This collaboration supports Saudi Arabia’s Financial Sector Development Program and underscores its vision of becoming a hub for digital-driven financial innovation.

About Derayah Financial

Derayah is a financial services firm that focuses on empowering the individual investor by providing the most independent, convenient and cost-effective way for average investors to put their money to work. Derayah has built and currently operates the first mutual fund supermarket in Saudi Arabia and the Middle East. Derayah also offers the first seamlessly integrated platform to trade in Saudi Arabia, regional exchanges and key international financial markets, all from a single account and website.

About Alpaca

Alpaca is a US headquartered brokerage infrastructure technology company and self-clearing broker-dealer, delivering execution and custody solutions for Stocks, ETFs, and Options, and has raised over USD170 million in funding. Amongst its subsidiaries, Alpaca is a licensed financial services company in multiple countries and serves millions of customers and hundreds of financial institutions globally such as broker-dealers, investment advisors, and hedge funds. Alpaca is backed by top-tier investors globally, including Portage Ventures, Spark Capital, Tribe Capital, Social Leverage, Horizons Ventures, Unbound, SBI Group, Derayah Financial, Elefund, and Y Combinator.