Al Rajhi Capital and Wamid sign agreement
22 January 2026 Saudi Arabia
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Al Rajhi Capital has signed an agreement with Wamid, aimed at enhancing performance efficiency and advancing technological capabilities, ensuring seamless connectivity and advanced technology integration, including co-location services.
The agreement also seeks to support operational excellence, strengthen the services offered, and enhance access to the Saudi market in alignment with industry best practices and standards, while supporting the company鈥檚 digital transformation journey.
Wamid鈥檚 co-location service allows market participants to rent racks within the Saudi Tadawul Group data centre, enabling them to offer more efficient and diversified services.
Wamid was established to focus on innovation to support the Saudi capital market in line with Vision 2030 鈥� the plan to diversify Saudi Arabia鈥檚 market away from oil while becoming a hub for global investment.
Al Rajhi Capital is a financial services company, based in Riyadh, which provides clients with a range of Shariah-compliant financial products and services.
The agreement also seeks to support operational excellence, strengthen the services offered, and enhance access to the Saudi market in alignment with industry best practices and standards, while supporting the company鈥檚 digital transformation journey.
Wamid鈥檚 co-location service allows market participants to rent racks within the Saudi Tadawul Group data centre, enabling them to offer more efficient and diversified services.
Wamid was established to focus on innovation to support the Saudi capital market in line with Vision 2030 鈥� the plan to diversify Saudi Arabia鈥檚 market away from oil while becoming a hub for global investment.
Al Rajhi Capital is a financial services company, based in Riyadh, which provides clients with a range of Shariah-compliant financial products and services.
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