ewpartners, the first international investment firm to establish a cross-border platform between the Middle East and Asia, announced its role as the lead investor in a $48 million strategic investment in Valuable Capital Group at the PIF Private Sector Forum in Riyadh.
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The forum is designed to foster collaboration between PIF and the private sector to drive strategic national initiatives. Backed by Saudi Arabia’s Public Investment Fund (PIF), ewpartners’ investment in Valuable Capital Group aligns with Vision 2030’s goal of advancing fintech development and economic diversification, with fintech expected to contribute 4.4% to Saudi Arabia’s GDP by 2030.
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Valuable Capital Group’s subsidiary, Sahm Capital, has rapidly emerged as an innovative player in Saudi Arabia’s financial sector, driving financial inclusion and innovation. As the first fintech-driven financial company to receive a full license from the Capital Market Authority (CMA), Sahm Capital offers a comprehensive suite of financial services, including trading, advisory, custody, investment management, and fund operations. Since its inception, the company has achieved remarkable growth, surpassing 1 million users within its first year, a testament to its strong market appeal and potential.
Saudi Capital Market: A Catalyst for Fintech Growth
The Saudi Stock Exchange (Tadawul) stands as a cornerstone of the MENA region’s financial ecosystem, ranking among the world’s top 10 largest exchanges by market capitalization and accounting for 76% of the region’s total market value. As the Middle East’s most active IPO market, Tadawul continues to attract global investor interest with high-profile listings such as Aramco subsidiaries, Dr. Soliman Hospital Group, and leading companies from fintech, healthcare, and consumer sectors. This robust IPO activity and strong investor demand solidify Tadawul’s role as a key driver of the region’s financial growth and innovation.
Saudi Arabia’s capital market is also strengthening its global connectivity, a key strategic focus under Vision 2030. At the same time, Tadawul is expanding its ties with the Greater China markets, exemplified by several key initiatives, including the launch of Asia’s first ETF tracking Saudi equities and the signing of an MOU with HKEX, among others. These initiatives not only reinforce Tadawul’s global standing but also create broader international opportunities for Saudi fintech firms like Sahm Capital.
Strategic Investment to Fuel Sahm Capital’s Expansion
ewpartners’ strategic investment will accelerate Sahm Capital’s growth and enhance its parent company’s global financial service capabilities. Leveraging ewpartners’ expertise in bridging Asian and Middle Eastern capital markets, alongside Valuable Capital Group’s global financial operations experience, the partnership will strengthen Sahm Capital’s presence in Saudi Arabia.
Sahm Capital is currently the fastest-growing Tadawul member, achieving a 50% improvement in market value ranking and securing 6th place in internet trades on the Saudi Exchange Main Market as of December 2024. With strong roots in Saudi Arabia and a successful expansion into Islamic Finance, Sahm Capital aims to serve a broader audience across the Arab world.
Fully licensed by the CMA, Sahm Capital is positioned to extend its digital gateway beyond brokerage services, venturing into other financial service such as investment banking, wealth management, and asset management. Supported by the multinational regulatory compliance expertise of Valuable Capital Group, whose other subsidiaries are licensed in Hong Kong and Singapore, Sahm Capital strengthens its ability to deliver financial services across these regions. This strategy not only facilitates bilateral financial exchanges and resource flows but also aligns with the implementation of key development policies. Such collaboration is integral to supporting Saudi Arabia’s vision of becoming a hub for digital-driven financial innovation.
Jessica Wong, Founder and Managing Partner of ewpartners, said, “As part of PIF’s portfolio, our investment in Valuable Capital Group underscores our commitment to supporting Saudi Arabia’s Vision 2030 agenda and advancing the Kingdom’s fintech ecosystem. We firmly believe in the transformative potential of fintech to revolutionize financial services and drive economic growth. Sahm Capital’s remarkable achievements in Saudi Arabia exemplify the synergy between innovation and strategic vision, and we are excited to support their continued success as they pave the way for a more inclusive and dynamic financial future.”
Jess Cheung, CEO of Valuable Capital Group, said, “We are thrilled to partner with ewpartners as we embark on the next chapter of our growth. This strategic investment reinforces our competitive edge and first-mover advantage, enabling us to deepen our focus on product development, R&D, security infrastructure, and fintech solutions. It accelerates our capacity to provide a comprehensive suite of high-quality services with enhanced excellence.”
About ewpartners
ewpartners (formerly eWTP Arabia Capital) is an international investment firm specialising in cross-border investments between Asia and the Middle East. Backed by Sovereign Wealth Funds and investors from ASIA and the GCC, the firm has been active in Saudi Arabia since 2017 and was the first investment firm to launch a cross-border platform between the Kingdom and China.
Headquartered in Riyadh, ewpartners focuses on building value across borders by establishing strategic partnerships with exceptional companies. ewpartners team’s expertise in shaping innovative conducive policy frameworks can support governments in fostering economic transformation and diversification driven by innovation and technology.
About Valuable Capital Group Limited
Valuable Capital Group Limited (VCGL) is a comprehensive financial services company that provides integrated, cross-market, and multi-asset global investment services to individuals and corporations. VCGL has set up licensed entities in Hong Kong SAR, the United States, Saudi Arabia, and Singapore, gaining worldwide recognition from millions of users. Its subsidiary, Valuable Capital Limited, was ranked among the top two online brokers in the Hong Kong stock market by trading volume in 2020 according to CIC, and named among China’s Leading Fintech 50 companies by KMPG.
