Sahm Capital enters into strategic partnership with SCCC

By Shilpa Annie Joseph, Official Reporter
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Sahm Capital-SCCC Partnership
Officials during the signing ceremony.

Sahm Capital Financial Company (previously known as VCFC), a leading Fintech firm based in Riyadh, has partnered with Saudi Cloud Computing Company (SCCC), a leader in cloud services in Saudi Arabia, to enhance the online trading experience for domestic investors by leveraging advanced cloud technologies, ensuring reliability and performance.

Through this partnership, Sahm Capital and SCCC will collaborate on developing innovative cloud solutions tailored to the needs of investors.

Hadeel Bedeeri, General Manager of Sahm Capital, said that, “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.”

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.

According to the statement, “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.”

Saudi Cloud Computing Company

SCCC is a joint venture and a leading hyperscaler in Saudi Arabia, formed through strategic alliances with industry giants: stc Group, Alibaba Cloud, eWTP Arabia Capital, SCAI, and SITE. Specializing in IaaS, PaaS, and SaaS, SCCC is at the forefront of accelerating digital transformation throughout the Kingdom.

By leveraging partnerships with global technology leaders, SCCC offers localized, advanced solutions that ensure data sovereignty and cater to the comprehensive digital infrastructure needs of both government and enterprise sectors.

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