Saudi Elevare360 and Qatari Sahmik sign strategic partnership to accelerate IR Innovation across the GCC
As part of the agreement, the two firms will launch a co-branded bilingual Investor Relations Platform tailored to clients in Saudi Arabia. The new solution, 'Powered by Sahmik × Elevare360,' will integrate real-time market data, ESG dashboards, and institutional-grade reporting tools into state-of-the-art IR websites. Already trusted by major GCC listed companies, Sahmik's platform brings proven technology and credibility to the Kingdom. The solution will offer Saudi issuers a digital gateway to articulate their equity story, meet disclosure requirements, and actively engage shareholders—supporting the region's digital transformation drive to attract long-term capital and position listed companies for global visibility.
This partnership reflects the rising prominence of the Saudi stock market and the abundant opportunities it presents for regional and international investors. It also signals the growing maturity of GCC-based companies in adopting professional IR practices and forging high-impact cross-border alliances.
Amid the Kingdom's busiest issuance cycle to date, 2024 saw 44 new listings raise the Saudi Exchange's total to 353 companies—up from 247 Main-Market names at the end of 2023. Momentum is set to accelerate, with forecasts from Al Rajhi Capital, EY, and others projecting 50–60 IPOs across 2025–26. Against this backdrop of rapid expansion, the Elevare360 × Sahmik collaboration arrives at a pivotal moment—equipping issuers with data-rich, bilingual IR technology and strategic counsel to stand out, meet rising disclosure demands, and compete for global capital on a broader, faster-moving market stage.
'This partnership underscores our conviction that data-driven investor-relations (IR) solutions are essential for Saudi companies that want to attract and retain both institutional and retail investors. By deploying these cutting-edge tools, we can help transform the Kingdom's capital market. Together with Sahmik, we're equipping issuers to be more transparent, investor-ready, and fully aligned with the ambitions of Vision 2030,' said Dr. Mishal Al-Harbi, Co-Founder and COO of Elevare360. 'The Elevare-Sahmik alliance is a natural extension of our mission to democratize access to capital markets data and IR technology. By combining our analytics engine with Elevare's strategic expertise, we're delivering a truly end-to-end IR solution that scales across the GCC,' said Dalibor Pajic, Head of Content and Data Management.
Rasha El Hassan, Head of IR Advisory at Elevare360, emphasized, "The integration of advanced analytics and real-time market intelligence with strategic advisory services is a game-changer for IR professionals across the region. Through our partnership with Sahmik, we are empowering companies to proactively manage investor perceptions, streamline compliance, and elevate their equity narratives in alignment with global best practices. This collaboration marks a significant leap forward in setting new standards for investor engagement and transparency in our region."
Initially focused on Saudi Arabia and Qatar, the partnership plans to expand across the broader GCC in response to growing demand for digital IR tools and localized advisory services.
As proud members of the Middle East Investor Relations Association (MEIRA), both Elevare360 and Sahmik view this partnership as a testament to the value of regional collaboration within the MEIRA community—demonstrating how shared standards, data transparency, and strategic storytelling can unlock cross-border value.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
2 hours ago
- Khaleej Times
UAE: Stablecoin regulations encourage more users explore digital assets safely
Experts are optimistic the recent signing by US President Donald Trump of the Genius Act — creating a regulatory regime for dollar-pegged cryptocurrencies known as stablecoins — will not only give users the confidence to explore digital assets safely but will also draw more users in the UAE, especially newcomers, to crypto by making stablecoins safer and more mainstream for payments and decentralised finance (DeFi). The stablecoin market, which crypto data provider CoinGecko said is valued at more than $260 billion (Dh954 billion), could grow to $2 trillion (Dh7.3 trillion) by 2028 under the new law. It's a milestone that could pave the way for digital assets to become an everyday way to make payments and move money, experts told KT LUXE. The regulatory framework is also seen as a big leap from the time of 'speculative chaos' when stablecoin first came into being back in 2009. The UAE has also moved forward with regulations of AED stablecoins, noted Meera Judge, director, regulatory licensing and policy at Binance. 'When people feel safe, they're more likely to participate. Clear rules create room for innovation — and that's where we see real adoption start to take shape,' she said. Regulations serve as important guardrails, with enhanced transparency serving as the key factor in consumer protection. They build confidence and encourage people who might have been hesitant to explore crypto as a real option for diversifying their finances. In December last year, AE Coin secured the final Central Bank of the UAE (CBUAE) licence it needed to launch. It was developed under the CBUAE's digital payment token services framework for instant, secure, stable, innovative, low-cost, and efficient payment experience. 'The UAE's AED-backed stablecoin is a really exciting milestone. It shows how seriously the UAE is taking decentralised finance and its future role in global financial innovation. This isn't just about creating another stablecoin, it's a clear signal of the UAE's commitment to building a regulated, forward-thinking crypto ecosystem that can compete on the world stage,' Judge said. A constant Stablecoins are designed to maintain a constant value. For the UAE, its focus on a local fiat-backed stablecoin also reflects a regional ambition to diversify beyond the dominance of the USD stablecoins, which have long been the industry's gateway. This is very positive for the country as it is not only about necessity but also about creating opportunity. Judge explained: 'Local fiat stablecoins (like AE Coin) reinforce the seriousness with which countries are approaching crypto regulation and innovation. They help tailor financial tools to regional needs, supporting local businesses and consumers while promoting financial inclusion. 'Moreover, having a wider range of fiat-backed stablecoins contributes to a more diverse and resilient ecosystem, a key step toward making crypto relevant and accessible to people everywhere, not just in dollar-dominated markets,' Judge added. Gracy Chen, CEO of Bitget, shared the same analysis, and optimism that stablecoins will draw more users, especially newcomers. She told KT LUXE: 'The UAE's AED stablecoin regulations, effective June 2025, focus on local currency stability and centralised oversight by the Central Bank, while the US Genius Act targets USD-pegged stablecoins with a dual federal-state framework. Regional trade 'Both aim to enhance trust and adoption, but the UAE emphasises regional financial sovereignty, unlike the USD-centric US approach. Non-USD stablecoins like AED-backed tokens are crucial for regional trade, reducing USD reliance, and catering to local markets, driving global crypto diversity. Supporting AED stablecoins can attract MENA users, while USD stablecoin compliance ensures broader market access,' Chen explained. She added bank-backed USD and AED stablecoins promise faster, cheaper transactions, boosting liquidity, but may challenge existing tokens like USDT (Tether), increasing compliance costs for exchanges. 'This could lead to market concentration, potentially limiting innovation, while subjecting exchanges to stricter regulatory scrutiny.' Chen also pointed out the entry of major US banks (JPMorgan, Bank of America, Citigroup, Wells Fargo) and UAE banks (FAB, MBank, Zand Bank) into the stablecoin market will enhance crypto legitimacy, driving adoption and trading volumes on exchanges.
The National
10 hours ago
- The National
How the climate crisis is creating millions of refugees in the Middle East
• Remittance charges will be tackled by blockchain • UAE's monumental and risky Mars Mission to inspire future generations, says minister • Could the UAE drive India's economy? • News has a bright future and the UAE is at the heart of it • Architecture is over - here's cybertecture • The National announces Future of News journalism competition • Round up: Experts share their visions of the world to come
The National
10 hours ago
- The National
Gamers in Saudi Arabia, Qatar and Turkey most affected by malware campaign
Gamers in the Middle East have been heavily hit by a malware campaign that promotes fake beta versions of video games, cyber security experts have warned. Consumers in Saudi Arabia, Qatar and Turkey have been the most impacted by the campaign, according to cyber protection company Acronis. Its threat research group said malware is spreading through the use of Discord, a video, audio and texting platform popular with gamers around the world. The campaign pretends to promote beta versions of games titled Baruda Quest, Warstorm Fire and Dire Talon, but they are actually software that steals personal information and payment, login and crypto wallet data. 'This underscores the urgent need for awareness among regional gamers who are particularly active on platforms like Discord, where much of the malicious content is distributed,' Acronis said in a statement. Jozsef Gegeny, a senior researcher at the cyber security company, said that unlike most malware campaigns, this one also targets people considered to have decent technical knowledge. While corporations and organisations have ramped up cyber security, not enough of that messaging is reaching recreational technology users, he said. 'That's why it's important for the cybersecurity community to shine a light on threats that target individuals and not just corporations,' he said. 'This campaign shows that even well-informed users can be tricked.' The Middle East is particularly vulnerable to attacks due to the recent and rapid increase in video game popularity, making it one of the fastest-growing gaming markets. In 2020, the Middle East gaming industry was valued at approximately $4.8 billion, according to market research firm Newzoo. Five years later, Acronis said, that figure has climbed to more than $7 billion. In February, Power League Gaming chief executive Matthew Pickering said the region's high percentage of young people is helping the industry flourish, but it is also winning over the older demographic as a way to build confidence and sharpen analytical skills. 'Esports is now a solid career path,' he said. It is not yet clear who is responsible for spreading malware targeting the gaming community, but Acronis said it was first detected in the US and Brazil. The company added that the campaign is taking advantage of gamers' appetite to stay ahead of the curve. 'This campaign exploits the enthusiasm of the gaming community, particularly those eager to access unreleased or early-access content,' it said.
