Albilad Capital and State Street Sign Strategic Agreement
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- Albilad Capital and State Street Sign Strategic Agreement to Enhance Securities Services in the Kingdom of Saudi Arabia
Riyadh – November 11, 2025
Albilad Capital announced the signing of a strategic co-operation agreement with State Street, one of the world's leading financial institutions in asset management and securities services. The signing ceremony took place during an official event held in Riyadh, attended by leaders from both companies and several representatives from the financial sector.
This co-operation aims to develop and provide integrated and advanced solutions in the field of post-trade services, in addition to exchanging technical and knowledge expertise and adopting the latest technologies between the two parties, which will contribute to enhancing operational efficiency and improving the quality of services provided to investors in the Saudi financial market.
Albilad Capital confirmed that this co-operation aligns with its strategy to develop infrastructure and support the local securities sector, aiming to position the Kingdom as a leading regional financial hub that attracts global investments and strengthens the Saudi market's standing among the largest emerging markets.
Mr. Zaid AlMufarih, CEO of Albilad Capital, said: “This co-operation reflects Albilad Capital's commitment to driving the evolution of the securities services sector in the Kingdom and enhancing market competitiveness through the adoption of best global practices. We are proud of this co-operation that combines State Street's global expertise and advanced technological infrastructure with Albilad Capital's leadership in the local market, enabling us to offer innovative and efficient investment solutions that support market development and meet our clients' needs.
AlMufarih added that Albilad Capital and State Street share a common vision centered on innovation, operational excellence, and integrating the best global practices to deliver highly efficient and effective local services. We are confident that this co-operation will contribute to transferring and localizing global knowledge, thereby supporting the development of the financial market infrastructure in the Kingdom."
Mr. Ronald P. O'Hanley, Chairman and CEO of State Street, said: “We are delighted to collaborate with Albilad Capital to support its clients and growth and help propel the development of the Kingdom's capital market. This strategic alliance highlights State Street's commitment to expanding our presence in the Kingdom and providing world-class, innovative securities services to local and international clients in one of the world's fastest growing markets. By combining State Street's global capabilities with Albilad Capital's market knowledge, we will meet the growing demand for sophisticated investment solutions and help support the Kingdom's ambitions to become a leading financial center."
At the conclusion of the event, both parties affirmed their commitment to developing future cooperation and building a sustainable co-operation aimed at enhancing the efficiency of the securities ecosystem and supporting the Kingdom's financial and economic transformation journey.