Valuable Capital Financial Company announces name change to Sahm Capital Financial Company

Valuable Capital Financial Company announces name change to Sahm Capital Financial Company

RIYADH, SAUDI ARABIA: Media OutReach Newswire - Valuable Capital Financial Company (VCFC), a brokerage firm licensed by the Capital Market Authority (22251-25), announced its corporate name change to Sahm Capital Financial Company (Sahm Capital) effective from January 25, 2024. The announcement comes after its successful launch of the first online trading app Sahm in Saudi Arabia.

"It marks a milestone in Sahm's journey to become the best online broker in Saudi Arabia. We will remain deeply committed to providing Saudi users with a seamless and tailored investing experience, making investing as simple as breathing," said Hadeel Bedeeri, General Manager of VCFC.

In October 2023, VCFC received licenses from the Capital Market Authority (CMA) to conduct Dealing, Advising, and Custody services in KSA, making it the first international online brokerage firm to provide online brokerage services in KSA.

In December 2023, the company launched its online trading app Sahm, a proprietary designed and developed specifically for investors in Saudi Arabia. The first of its kind in KSA, Sahm offers users the opportunity to trade in both Saudi and US markets within one app and provides a list of Shariah Compliant Stocks in the US market and a variety of US stock ETFs with Arabic