Riyadh – Mubasher: Edaa, the Securities Depository Center of the Saudi Tadawul Group launched Edaa Connect, a first-of-its-kind platform designed to transform investor access to mutual funds in the Saudi capital market.
The launch was announced on the first day of the fifth edition of the Capital Markets Forum (CMF), which is being held in Riyadh until 20 February, according to a press release.
The platform will streamline subscription and redemption for investors, providing a hassle-free investment experience.
It will also provide advanced tools to manage their operations, which will enable funds to access a broader investor base.
Hanan Mohammad Alshehri, CEO of Edaa, said: “This innovative platform will revolutionise portfolio management and decision-making, streamline the investment process, and deliver unparalleled efficiency.”
“Aligned with the Financial Sector Development Program's objectives, Edaa Connect will significantly enhance the investment experience and support the ongoing development of the Saudi capital market,” Alshehri mentioned.
During the three-day event, Saudi Tadawul Group inked an agreement with the Financial Academy to offer specialised programmes for the financial sector in collaboration with global and local universities.
