Hong Kong’s Valuable Capital expands into Saudi Arabia’s securities brokerage market

Valuable Capital Financial Company (VCFC), a joint venture between China-backed Valuable Capital Group and eWTP Arabia Capital, has obtained final approval from regulators to operate dealing, advisory and custody services in Saudi Arabia. VCGL aims to provide integrated, cross-market, and multi-asset investment services through its trading platform. A soft launch is scheduled during the Future Investment Initiative Institute forum in Riyadh from October 24 to October 26, with a public launch and the release of a mobile app planned for November.