Sahm Capital and SCCC Forge Strategic Partnership at LEAP 2024
Sahm Capital Financial Company (previously known as VCFC), a leading Fintech firm based in Riyadh, has announced a strategic partnership with SCCC, a leader in cloud services in Saudi Arabia. This partnership aims to enhance the online trading experience for domestic investors by leveraging advanced cloud technologies, ensuring reliability and performance.
Ms. Hadeel Bedeeri, the General Manager of Sahm Capital, and Abdullah ALOraini, the Sales & Partnerships GM of SCCC exchanged the MoU.
The signing of a Memorandum of Understanding between the firms took place at LEAP 2024, a premier technology conference in Riyadh. Through this partnership, Sahm Capital and SCCC will collaborate on developing innovative cloud solutions tailored to the needs of investors.
Cloud computing is increasingly critical for modernizing financial systems and powering the digital transformation of core business processes. By leveraging secure, scalable cloud infrastructure, financial firms can provide better services to customers through streamlined operations, higher performance, and lower costs.
Speaking at the signing ceremony, Hadeel Bedeeri, General Manager of Sahm Capital, said: “This partnership opens up exciting possibilities for Sahm Capital to deliver more reliable and advanced experiences to our users. Leveraging SCCC Alibaba Cloud’s world-class infrastructure will help propel our growth as we continue expanding offerings to investors across Saudi Arabia.”
Launched in December 2023, Sahm Capital’s all-in-one trading platform ‘Sahm’ supports both Arabic and English. The app incorporates robust market data, educational resources, and a user-friendly interface optimized for mobile. Through strategic collaborations with SCCC, Sahm Capital is demonstrating its leadership in powering the digital transformation of Saudi Arabia’s financial services industry in line with Vision 2030.
