State Street and Albilad Capital sign strategic agreement
10 November 2025 Saudi Arabia
Image: Ayman/adobe.stock.com
State Street has announced the signing of a strategic co-operation agreement with Albilad Capital, a Saudi Arabia’s financial institution specialising in securities services and asset management.
Under this agreement, State Street will support Albilad Capital’s securities services offering in the Kingdom.
According to the firm, this relationship underscores State Street’s long-term strategic investment into the Kingdom and its efforts to provide global product capabilities to local clients.
Ron O'Hanley, chairman and CEO of State Street, comments: “This strategic alliance highlights State Street's commitment to expanding our presence in the Kingdom and to providing world-class, innovative securities services to local and international clients in one of the world’s fastest growing markets.
“By combining State Street’s global capabilities with Albilad Capital's market knowledge, we will meet the growing demand for sophisticated investment solutions and help support the Kingdom's ambitions to become a leading financial center.”
Zaid AlMufarih, CEO of Albilad Capital, remarks: “This collaboration reflects Albilad Capital's commitment to driving the evolution of the securities services sector in the Kingdom and enhancing market competitiveness through the adoption of best global practices.”
State Street has served clients in the Kingdom of Saudi Arabia for over 25 years and established local operations in 2020.
Oliver Berger, head of Strategic Growth Markets, State Street, adds: “This initial co-operation agreement is the first step into a long-term strategic relationship. Our aim is to deepen collaboration and introduce additional investment services and capabilities to Saudi clients, enhancing capital market efficiency and leveraging the ETF capabilities of both firms to facilitate foreign direct investment into the Kingdom.”
Under this agreement, State Street will support Albilad Capital’s securities services offering in the Kingdom.
According to the firm, this relationship underscores State Street’s long-term strategic investment into the Kingdom and its efforts to provide global product capabilities to local clients.
Ron O'Hanley, chairman and CEO of State Street, comments: “This strategic alliance highlights State Street's commitment to expanding our presence in the Kingdom and to providing world-class, innovative securities services to local and international clients in one of the world’s fastest growing markets.
“By combining State Street’s global capabilities with Albilad Capital's market knowledge, we will meet the growing demand for sophisticated investment solutions and help support the Kingdom's ambitions to become a leading financial center.”
Zaid AlMufarih, CEO of Albilad Capital, remarks: “This collaboration reflects Albilad Capital's commitment to driving the evolution of the securities services sector in the Kingdom and enhancing market competitiveness through the adoption of best global practices.”
State Street has served clients in the Kingdom of Saudi Arabia for over 25 years and established local operations in 2020.
Oliver Berger, head of Strategic Growth Markets, State Street, adds: “This initial co-operation agreement is the first step into a long-term strategic relationship. Our aim is to deepen collaboration and introduce additional investment services and capabilities to Saudi clients, enhancing capital market efficiency and leveraging the ETF capabilities of both firms to facilitate foreign direct investment into the Kingdom.”
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