Muqassa welcomes Al Rajhi Capital 21 October 2026Saudi Arabia Reporter: Theodore Law
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The Securities Clearing Center Company (Muqassa) has welcomed Al Rajhi Capital as a direct clearing member.
Al Rajhi Capital completed the regulatory and technical requirements to become a member in the derivatives market, with the right to conduct brokerage services and deal as a principal, and as an agent in the Saudi Exchange.
According to Al Rajhi Capital, the milestone reflects the firm's ongoing efforts to enhance its services and expand its capabilities across the Saudi capital market.
Mohammed Alkassem, head of securities at Al Rajhi Capital, says: “Joining Muqassa as a direct clearing member marks an important step in strengthening Al Rajhi Capital's capabilities in the derivatives market and advancing more integrated and efficient services that enhance our clients’ experience and contribute to the continued development of the Saudi capital market.”
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