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SSS launches e-trading facility

JEDDAH — Saudi-Swiss Securities (SSS) has launched its e-trading facility in a bid to promote joint ventures between the two countries that have a cumulative value of SR1.573 billion comprising more than 12 projects.

Jasem Qabazard, head of information technology for Saudi-Swiss Securities, said that SSS, a Saudi-based financial services company that launched its operations with equity brokerage initially for the Saudi market, is the first of a full range of innovative financial products and services and global best practice services. The company's shareholders include leading Saudi and regional companies and the global investment bank Credit Suisse.

The initiative comes at a time when both countries are diversifying their economic relations by holding a series of seminars in the fields of water and power generation, financial services, Islamic finance, and other interactions between two countries through economic and financial forums scheduled in various GCC states as well as Malaysia.

Relevant financial or economic data in those fields will be available on the company's interactive website, www.saudi-swiss.com, in both Arabic and English language versions, According to Azzam Albraikan, head of brokerage the new online e-trading facility would also facilitate access to the popular Zawya website: "When our clients take advantage of the Saudi-Swiss Securities e-trading facility, they are also connected, at no additional cost, to the Gulf's premier subscription website, ABQ Zawya. This is an online resource for Middle East business and finance information, which also provides a searchable database of companies, their products and services," he said.

He added that the Web Site's comprehensive features include details of Saudi-Swiss' product offering, frequently asked questions (FAQs), an archive of the company's media releases, as well as instructions on how to take advantage of the brokerage's e-trading facility.

Qabazard said that the "users of our site can learn about the company's product offering as well as the many safety features, keep abreast of the latest news and developments from Saudi-Swiss Securities and learn how to get connected to our convenient e-trading facility."