News

Musharaka Capital plans digital securities platform

Saudi-based investment manager Musharaka Capital has partnered with Securrency, a blockchain technology provider, to develop a regulated platform for issuing digital securities. The chief executive of Musharaka Capital, Ibrahim Fahad Al-Assaf, has hailed the move as a ”fintech leap” adding that “such projects were not feasible a few years ago” due to a lack of consumer demand. “However, as the economy shifts to digital trading and consumer trends develop, we are introducing developments that didn’t exist in the Saudi market,” said Al-Assaf. The kingdom has been relatively conservative in approving digital developments in financial services. It was not until August 2019 that the securities regulator, the Saudi Capital Markets Authority, allowed the first pilot of a robo-advisor service. However, the launch of the kingdom’s economic reform plan Vision 2030, has placed emphasis on the greater use of digital technology. © 2020 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

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In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

Roundtables

South Africa asset management roundtable: Global rebound on ice

Experts discuss the investment implications of the coronavirus pandemic, a delayed rebound in global growth and dealing with South Africa’s energy issues head on. Chaired by Romil Patel in Cape Town.

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Our panel discusses Chinese investment in Africa, financial institutions’ contribution to economic sustainability and regulatory concerns. Chaired by Romil Patel in Cape Town.