FinaMaze, an Abu Dhabi Global Market (ADGM)-based innovative asset management firm, is set to enter the Saudi Arabian financial market to propagate financial innovation across the region.
FinaMaze’s expansion to Saudi Arabia is in line with the selective Fintech Saudi Regulatory Accelerator Program. Governed by a committee consisting of the Saudi Arabian Monetary Authority (SAMA) and the Capital Market Authority, Fintech Saudi is an initiative under the Kingdom’s Financial Sector Development Program as part of the Saudi Vision 2030.
With this latest selection, FinaMaze is set to be part of Fintech Saudi’s ecosystem which develops initiatives that support and encourage the growth of its industry within the country, spreads fintech awareness, as well as organizes events that promote networking opportunities to support the development of the fintech community.
Mr. Mehdi Fichtali, CEO and Founder of FinaMaze said that “After our development in the ADGM, FinaMaze grows beyond the borders! In Saudi Arabia, we will develop our strategic presence under the guidance of the selective fintech Fintech Saudi and the Capital Market Authority.”
Fintech Saudi also seeks to achieve its aim of transforming Saudi into a thriving fintech hub by supporting the development of the infrastructure required for the growth of the fintech industry, building the capability and talent required by fintech companies, and supporting fintech entrepreneurs at every stage of their development.
The firm has carved a niche for itself as a disruptor that uses innovative solutions in providing powerful, cost-effective and highly-customized smart folios to the benefit of investors, and so, there is no question about the value addition that the wealth management advisory is set to add to the Saudi Fintech ecosystem.
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