Alkhabeer Capital Announces the Signing of an Investment Agreement in the Shares of Saudi AI-Powered Robo-Advisory Firm Sindbad.Tech

Alkhabeer Capital, the financial institution specializing in Shari’a-compliant financial services and brokerage services, has announced the signing of a subscription agreement to acquire shares worth SAR 18 million in Automated Economy Holding Company, the sole owner of Automated Support for Financial Technology (commercially known as Sindbad.tech), which underscores Alkhabeer Capital’s commitment to advancing innovation in brokerage services.

Sindbad.tech is the first Saudi firm to be granted a fintech experimental permit by the Capital Market Authority to test robo-advisory services powered by artificial intelligence. The platform leverages AI to analyze data, provide investment advice, and manage portfolios instantly and on a personalized basis.

This investment will enable Alkhabeer Capital to launch a new generation of investment products and funds, in addition to customized portfolio management solutions, supported by this advanced technology. This will strengthen the Company’s ability to deliver cutting-edge investment services, enhance decision-making efficiency, and create added value for clients in a dynamic and fast-growing environment. Commenting on this milestone, Ahmed Saud Ghouth, CEO of Alkhabeer Capital, stated: “This investment is an extension of our innovation-driven strategy and reaffirms our commitment to supporting transformative technologies in asset management and brokerage. We believe that combining human expertise with advanced AI-powered solutions will allow us to design more efficient investment experiences that are closely aligned with the aspirations of our clients.”

Mohammed Agbawi, CEO of Automated Economy Holding Company, added: “We are witnessing the beginning of a new phase of growth through the addition of a strategic partner with deep expertise such as Alkhabeer Capital. Sindbad.Tech is proud to be the first Saudi company to obtain a fintech experimental permit which is the use of A.I. in advisory. This collaboration marks a turning point in the capital markets, as it will enable us to expand the scope of our AI-driven solutions and reach a broader base of investors through smart innovations that redefine the concept of wealth management.”

This investment reflects Alkhabeer Capital’s continued focus on innovation as a key growth driver and its commitment to leveraging global digital transformation trends in alignment with Saudi Arabia’s Vision 2030 In the Financial Sector Development Program. It also contributes to the development of the asset management and brokerage sector while further strengthening the Kingdom’s position as a leading regional and international financial market.

Alkhabeer Capital is one of the leading capital market institutions in Saudi Arabia, authorized by the Capital Market Authority under License No. 07074-37 and headquartered in Jeddah, Kingdom of Saudi Arabia, with a branch in Riyadh. The Company provides innovative world-class investment products and solutions in private equity, financial markets, and real estate investments, in addition to offering investment banking and brokerage services.