RIYADH: Hong Kong-based Valuable Capital Group, also known as Sina Valuable, has applied for membership with the Saudi Exchange and financial license with the Capital Market Authority.
The company made the announcement on the sidelines of the Saudi Capital Market Forum 2022 in Riyadh on Tuesday.
It applied for the membership and license through its Saudi subsidiary.
Powered by Sina Corp., Valuable Capital Group is a fintech firm that provides online brokerage services, offering global capital markets exposure and coverage.
“We have witnessed impressive fintech innovation and robust capital market growth in the MENA region, especially in the Saudi marketplace, which has great talent and abundant market liquidity,” CEO Jess Cheung said.
Deals signed
During the forum, the Saudi Tadawul Group signed two initial agreements to foster the exchange of knowledge and skills in the financial community through various initiatives.
The first agreement, signed with Nourah bint Abdulrahman University, aims to provide support to female graduates to bolster the participation of women in the finance second.
The second deal was signed with the Communication Financial Knowledge Center. It aims to develop the financial sector through the transfer of international best practices, information and experience exchange.