Al Rajhi Capital has been named best broker for Saudi Arabia in 2025, cementing its position as a market-defining force in the Kingdom’s financial ecosystem. The win reflects the firm’s leadership in trading volumes, market-making innovation, retail and institutional engagement, and a holistic push for digital and execution excellence.
Al Rajhi Capital is the investment arm of Al Rajhi Bank, one of the largest Islamic banks globally, and has consistently demonstrated a strategic vision that aligns with the Kingdom’s Vision 2030 goals for capital market development. In 2024, the firm achieved a trading turnover exceeding SR611 billion ($163 billion) across 43.9 billion shares, while onboarding nearly 785,000 new clients – a scale unmatched in the region.
Al Rajhi Capital was a dominant presence in market making, executing over SR5.71 billion in market-making turnover in 2024, marking a 177% increase over the previous year. The firm launched and maintained market-making activity across a range of names in both the Tadawul main market and Nomu, including Al Masane Al Kobra (AMAK), Sure, Banan, Tharwa and Obiekan Glass. Al Rajhi’s partnership with Banan even continued after the stock’s promotion to the main market – showcasing commitment to liquidity across cycles.
“We’re not just a broker – we’re a platform, an infrastructure partner and a liquidity driver. Our goal is to power access and performance at every level of the Saudi market,” said a senior executive at Al Rajhi Capital.
In 2024, the firm achieved a trading turnover exceeding $163 billion across 43.9 billion shares, while onboarding nearly 785,000 new clients
The firm also scaled its institutional services, delivering block trade execution, bespoke onboarding solutions and FIX connectivity for over 4,000 institutional accounts, and high-touch service through a dedicated team of institutional managers. Al Rajhi hosted over 90 earnings calls and covers 80 companies through its research division, reinforcing its role in capital market transparency and corporate access.
Retail services continued to evolve through Al Rajhi’s industry-leading digital platform, now enhanced to support international trading, derivatives, ETFs, SPACs and margin lending – all via a multi-product interface. The app also includes biometric login, real-time portfolio tracking, and integrated research with actionable recommendations.
Key digital infrastructure investments in 2024 included an OMS modernisation, latency-reducing FIX upgrades, and a partnership with global data platforms such as TradingView and TickerChart. The back-office systems were also streamlined, enabling clients to download historical performance and transaction reports across multiple formats and distribution platforms.
Al Rajhi Capital further differentiated itself through client-first incentives, including advanced reporting dashboards, tailored onboarding for institutional clients, and reward-driven fee structures for active retail traders. The firm also launched a CX command centre to proactively identify and resolve client experience pain points.
By combining exceptional scale, liquidity leadership, advanced tech, and investor-first infrastructure, Al Rajhi Capital has redefined what brokerage leadership looks like in Saudi Arabia.
