Sahm Capital Joins the Arab Federation of Capital Markets (AFCM)
Founded in 1978, AFCM aims to enhance the efficiency and transparency of capital markets across the Arab region, including the GCC, Levant, and Arab African countries. With oversight of 18 exchanges and 8 Clearing Houses, AFCM works to harmonize regulations, promote market development, and adopt new technologies to advance securities trading in the region.
A Strong Partnership for Growth
This membership presents an exciting opportunity for Sahm Capital to collaborate with other market leaders, share expertise, and develop stronger investment strategies that will contribute to the continued growth of Arab capital markets. Sahm Capital is committed to playing a pivotal role in strengthening the MENA financial landscape and expanding its access to regional and international investors.
Sahm Capital's Growth and Future Vision
Founded in 2022 and fully licensed by the Capital Market Authority (CMA) of Saudi Arabia, with license number [license no. 22251-25], Sahm Capital has rapidly grown into a leading player in the region. In October 2023, the company received licenses for Dealing, Advising, and Custody services, followed by the launch of the Sahm trading app in December 2023. The app, a first-of-its-kind platform, has already surpassed 1 million users, positioning it as one of the fastest-growing trading platforms in the region.
In addition to its brokerage licenses, Sahm Capital secured Managing and Arranging licenses from the CMA in October 2024, positioning the company to offer a wide range of financial services, such as investment banking, managing investments and operating funds.
After three years of deepening its roots in Saudi Arabia, Sahm Capital is now ready to expand its reach across the Arab world. With a focus on delivering high-quality financial services, Sahm aims to help investors realize their full potential in an opportunity-rich capital market.
Sahm Capital's Chairman of the Board, Steven Chou, shared his thoughts on the significance of this achievement: 'Joining the Arab Federation of Capital Markets is an important milestone for us as we continue to build upon our success in Saudi Arabia and extend our presence across the wider Arab world. We look forward to working closely with AFCM to drive innovation and development in the region's capital markets.'
The issuer is solely responsible for the content of this announcement.
Sahm Capital
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time Business News
5 hours ago
- Time Business News
Exotic Cash & Carry Offers 5% Off to Spanish and Portuguese Buyers
The global retail and wholesale market is booming, growing from $85.78 trillion in 2024 to a projected $92.6 trillion in 2025. With an expected value of $119.91 trillion by 2029, the industry is expanding at a steady CAGR of 6.7%. These statistics show strong global demand for wholesale suppliers like Exotic Cash & Carry. Exotic Cash & Carry is offering a 5% discount to Spanish and Portuguese buyers. It's a top seller wholesale cash and carry in Europe, serving for more than 20 years as a family-owned business. Exotic has provided more than 2,000 genuine Asian, African, and Caribbean food products to thousands of independent EU retailers. This phrase 'cash and carry' originated in the first half of the 1900s. It came from the idea that consumers pay for their items in cash and then carry them away. It describes the products that a person can buy and then take away from the store. Customers wishing to make a purchase must visit physical store locations because stores don't offer any delivery services for products bought in-store. All transactions and product collections are handled exclusively at the point of sale within premises. This practice is common in the wholesale sector where people buy a large quantity of goods from a wholesale warehouse oftentimes for cash and then carry them out to their homes. Small business owners frequently favor this model as it allows them to stock up on inventory at discounted prices. Cash and carry wholesalers are undergoing a major transformation by shifting their operations online. This change is driven by evolving customer behavior as more businesses prefer the convenience of browsing, ordering, and managing their purchases digitally. Cash and carry wholesalers are not only keeping pace with modern shopping trends but also enhancing the overall buying experience for their customers by embracing digital tools and eCommerce models. Exotic Cash & Carry has earned a strong reputation as a reliable name in the digital wholesale industry. Exotic Cash and Carry stands out for its diverse product range and unwavering dedication to quality, integrity, and community needs. They were established with the purpose of delivering authentic Asian, African, Arab, Caribbean, and Indian food products. They continue to meet the demands of multicultural communities, restaurants, and food retailers throughout the EU. Exotic Cash and Carry takes a more customer-centric approach. The company's supply chain is designed for efficiency and reliability, with strategically located warehouses, including in Spain, that ensure quick access to stock for businesses in the region. The company offers over 2,000 carefully selected items, ranging from global food products to beauty and wellness essentials, all chosen with the customer's cultural and business needs in mind. Exotic Cash and Carry is a registered vendor on a trusted wholesale platform Thokmandee which makes the registration process simple and direct for new buyers. Here's how you can begin: Begin the registration by clicking the sign-up or register option on the platform. Fill in your business details including company information and any documents required to verify your wholesale status. Wait for approval as once verified, you'll have access to thousands of wholesale products tailored to your market needs. You gain access to a comprehensive product catalog after approval of your application. You can effortlessly browse and place wholesale orders from a single, centralized dashboard, Exotic Cash and Carry is offering an exclusive 5% discount for wholesale buyers based in Spain and Portugal to support and celebrate its growing customer base in Southern Europe. This time-limited campaign is designed to make it even easier for businesses in these regions to access high-quality and international products at discounted prices. This discount helps reduce overhead costs while allowing you to stock authentic food, beauty, and wellness items sourced from trusted global suppliers for your grocery store, restaurant, or specialty shop. Buyers can easily avail this discount once registered and approved as wholesale buyers on the platform Thokmandee. It's a simple way to make your next bulk purchase more profitable, while enjoying the same reliability and authenticity Exotic cash and carry is known for. The eCommerce boom in Southern Europe is impossible to ignore, and it is creating real opportunities for wholesale buyers in both Spain and Portugal. In 2024 alone, the Spanish eCommerce market generated a US$45.66 billion that shows growth rate of 5–10% over the previous year. Similarly, Portugal's eCommerce market brought in US$6.67 billion, also growing at a healthy 5–10% pace. What's even more promising is the projected growth of 10–15% for both countries in 2025, reflecting rising consumer demand and digital purchasing habits across the region. Both countries are expected to grow by 10–15% in 2025, which reflects the increasing consumer demand and digital purchasing habits throughout the region. This rapid growth signals one thing clearly that retailers and food businesses need reliable and cost-effective inventory sources to keep up with demand. Exotic Cash and Carry's 5% discount campaign is perfectly timed to support businesses looking to expand in this competitive space. Spanish and Portuguese buyers can capitalize on market momentum and scale up inventory as prices are discounted. They can also improve profit margins in a climate where consumer spending is rising and reduce purchasing costs at a time when efficient buying is more important than ever. Is the perfect time to take advantage of Exotic Cash & Carry's exclusive 5% discount as the wholesale and e-commerce markets in Spain and Portugal are growing rapidly. As a trusted wholesale cash and carry, Exotic continues to support independent retailers and food businesses with authentic products, competitive pricing, and a reliable supply chain. By registering today, Spanish and Portuguese buyers can secure high-quality stock at discounted prices while staying ahead in a fast-evolving market. Don't miss this opportunity to buy more while paying less. TIME BUSINESS NEWS
Yahoo
a day ago
- Yahoo
Sagtec Global (NASDAQ SAGT) Achieves Key Milestone in UAE Smart Hospitality Deal; On Track for 2025 Revenue Recognition
KUALA LUMPUR, Malaysia, July 25, 2025 (GLOBE NEWSWIRE) -- Sagtec Global Limited (NASDAQ: SAGT) ('Sagtec' or the 'Company'), a provider of enterprise software solutions for high-growth verticals, today announced the successful delivery of the first phase of its previously disclosed US$10 million smart hospitality contract in the United Arab Emirates (UAE), in partnership with SMD Tech – FZCO. The Company has received the first milestone payment, validating both project execution and commercial delivery. The deal, originally announced in July 2025, is structured with over 60% of total value as multi-year recurring revenue, covering software licensing, analytics, hosting, and long-term service. The project remains on schedule for full delivery in 2025, with corresponding revenue capture anticipated within the current fiscal year. 'This milestone represents more than operational progress—it reinforces our ability to monetize large-scale SaaS contracts, generate recurring cash flow, and expand strategically in a high-growth international market,' said Kevin Ng, Chairman, Executive Director & CEO of Sagtec Global. 'It reflects our disciplined execution and strong regional partnerships.' Momentum Across Vertical SaaS Offerings In addition to progress in the UAE, Sagtec confirms that its Speed+ Smart Ordering System, which supports a US$30 million pipeline across Southeast Asia, has now been successfully deployed to commercial end-users. Speed+ is a cloud-based solution tailored for the F&B and hospitality industries, designed to improve service efficiency and increase revenue per transaction. These dual deployments reinforce Sagtec's strategy to scale vertically integrated SaaS platforms across multiple industries—hospitality, F&B, and smart infrastructure—with a strong focus on monetizable outcomes. 'We are executing on multiple fronts with clear revenue visibility,' added Ng. 'These wins strengthen our position ahead of our next earnings cycle and demonstrate the scalability of our recurring revenue model.' Well-Positioned in a US$30B+ Market With the UAE hospitality sector forecasted to reach US$37.7 billion by 2033 (IMARC Group), Sagtec's expansion into the Middle East positions the Company at the center of a regional transformation toward smart tourism and digital-first guest experiences. Backed by a resilient balance sheet and growing recurring revenue base, Sagtec remains focused on margin-accretive growth, product innovation, and geographic expansion to drive long-term shareholder value. About Sagtec Global Limited Sagtec Global is a technology company delivering customizable software solutions to the hospitality, F&B, and enterprise sectors. The Company also operates digital infrastructure businesses, data hosting & analysis services through its Malaysian Subsidiary, CL Technologies. For more information on the Company, please log on to Contact Information: Sagtec Global Limited Contact:Ng Chen LokChairman, Executive Director & Chief Executive Officer Telephone +6011-6217 3661 Email: info@
Forbes
2 days ago
- Forbes
Real Estate: Saudi Arabia Is About To Open Up For Outsiders
The King Abdullah Financial District «KAFD» (KAFD) is located in the city of Riyadh, and it is one ... More of its largest existing projects, and the only one of its kind in the Middle East, where this file will become an average of 1.6 million translators, the financial market, financial banks, financial banks, and banks Financial offices, in addition to other service institutions such as accountants, legal professionals, lawyers, analysts, financial advisors, rating offices, and service providers. Earlier this year, I was invited to Saudi Arabia to speak at a conference. LEAP is a technology show, and normally, wild horses wouldn't be able to drag me to such an event. However, the charismatic CEO of Tahaluf lured me there – not with the promise of fat appearance fees, but with the simple pitch: 'You just have to see it.' A long time ago, when bitcoin was young, I made a little YouTube video where I said, 'It doesn't matter how bad times are – whether there's a recession, a market crash, political uproar, war, or famine – somewhere out there, there's a party going on. The trouble is, you're not invited.' The party, of course, was crypto. The point was that you need to be on the lookout for that metaphorical party, find its location, and gatecrash it. That party could be an asset like bitcoin, a new tech theme exploding onto the scene – like quantum computing did earlier this year – or even a place, like Tokyo in 1999, or for that matter, Silicon Valley when I first stepped foot there in the early 1980s. (Why, oh why, did I leave?) So when a bigwig like Michael Champion at LEAP says, 'There is something going on here, and you need to see it,' I listen. In short: the party is in Saudi. From a distance, Saudi Arabia may appear to sit squarely in the swirling morass of the Middle East. But if you've spent time living in Dubai, like I have on and off over the years, you realize the region is highly diverse. The difference between Syria and Qatar, for instance, is vast. LEAP was a bit of a revelation for me in terms of what's happening in Saudi Arabia. The country is changing – fast. Now, I'll admit: give me a future potential and I'm your guy. I'm all in, trying to make something happen a decade or so before it becomes the next big thing. I moved into Docklands when it was still industrial wasteland. I get into industries before they're even fully invented. That's just what floats my boat. Google my trail of OG-ing since my teens – it's borderline pathological. But I'm older and slower now, and not quite the pioneer I used to be. Still, I can look at a desert and see unbounded potential – or more accurately, I can go to a huge tech expo and realize that something big is underway. (Disclosure: I'm NOT on anyone's payroll. I'm just genuinely enthusiastic.) So here's the challenge: How do you invest in Saudi and its potential? The answer: not easily. You could say you can't – not as a regular person without private jet-level money. But wait. That's about to change. Now, I'm not a real estate fan myself, but I know it's a global obsession. I'm that odd person who doesn't yearn for bricks and mortar. I own some, but more because I believe in diversification than out of any real affection. I have real estate in Dubai – it's been good to me – but I'm not lining up to buy more. I love stocks. I loathe illiquid assets. Again, I know it's weird. But I also know a lot of my readers love real estate, and what I'm about to share will pique their interest. So here it is: Saudi Arabia is going to open up to foreign ownership of real estate at the end of this year. Starting January 1, 2026, it's been announced that foreign investors will be able to buy property in Saudi Arabia – just like they can in Dubai. I learned this while at the LEAP show, where I managed to grab a few minutes with Rachel Sturgess, the head of Cityscape, the definitive property event in Saudi. I asked her as much as was decent about what's coming. In short: the kick-off date for foreign property ownership is 1/1/26, and non-Saudis will be allowed to buy into developments in Riyadh and Jeddah. Reading between the lines, it'll likely be pre-build sales – condos and villas – mirroring Dubai's model. Think big developers launching marquee projects with all the marketing glitz we've come to expect. That formula has worked brilliantly in the UAE, and Saudi Arabia seems poised to follow suit. Now, I don't give investment advice. I offer thoughts for readers to reflect on. This article is simply a heads-up for those interested in property. One of the world's most dynamic and wealthy countries is about to open its real estate market to outsiders – for the first time. If that's your kind of thing, then January 1, 2026 is when the doors open. In the meantime, keep your eyes peeled for further announcements about what this will look like in practice. As with all investment opportunities, it's always better to hear about them before they happen than to find out after the opportunity has passed.
