Investment banking firm Al Rajhi Capital has selected EquiLend to serve as its securities finance technology partner.
Simon Heath
The partnership will allow the Saudi Arabia-based firm to make use of EquiLend’s product suite, providing Al Rajhi Capital with a full end-to-end solution, spanning EquiLend Spire, post-trade, data and trading.
Simon Heath, chief strategy officer at EquiLend, said: “As the largest Islamic bank in the world by assets, Al Rajhi Capital’s decision to adopt EquiLend reflects the growing recognition that robust technology infrastructure is essential to realising the Kingdom’s securities lending potential.
“Saudi Arabia has moved with impressive speed – and the participation of institutions of alrajhi capital’s stature will be critical in deepening liquidity in KSA securities lending.”
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Moreover, the integration is also expected to support Al Rajhi Capital’s ongoing efforts to expand its offering and establish a more efficient, scalable securities finance business.
“Securities financing is a cornerstone of every mature capital market, and alrajhi capital is committed to leading the development of Shariah-compliant securities financing solutions in the Kingdom,” said Hossam E. Al Basrawi, chief executive at Al Rajhi Capital.
“As one of Saudi Arabia’s leading investment institutions, we continue to invest in capabilities that enhance market depth, expand access, and support the long-term development of the Kingdom’s capital markets in line with Vision 2030.”
The partnership also follows news in December 2025 that EquiLend had made a strategic investment in US crypto financing and prime brokerage technology provider, Digital Prime Technologies.
The partnership allows EquiLend to align its infrastructure with tokenised assets, digital securities and crypto through access to Digital Prime’ network, Tokenet, enabling connectivity across trading, post-trade and data workflows.