SS&C Strengthens Middle East Business with Saudi Arabia Office

SS&C Technologies Holdings (SSNC) has announced the opening of a new office in Riyadh, Saudi Arabia, expanding its global presence.

Rhea-AI Summary

SS&C Technologies Holdings (SSNC) has announced the opening of a new office in Riyadh, Saudi Arabia, expanding its global presence. The company currently serves 850 financial institutions and corporate clients in the Middle East, with 150 clients based in Saudi Arabia. The expansion aims to strengthen relationships with the Capital Markets Authority and the Saudi Arabian Monetary Agency.

The new office, led by Director Issa Jadon, will provide software and services solutions across investment management, risk management, automation, and deal services. The move aligns with Saudi Arabia's Vision 2030 economic transformation program, which is expected to involve over $3 trillion in investments.

Jadwa Investment, a long-time client of SS&C in Saudi Arabia, welcomed the expansion, noting that the new office will enable more localized and tailored services.

Positive

• Strategic expansion into Saudi Arabia's rapidly growing financial services market
• Access to $3 trillion investment opportunity through Vision 2030 program
• Established presence with 150 existing clients in Saudi Arabia
• Enhanced ability to work with key regulatory bodies

Negative

• None.

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WINDSOR, Conn., April 7, 2025 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced an expansion of its global footprint by opening a new office in Riyadh, Saudi Arabia. The office will enable SS&C to forge new relationships and work more closely with the Capital Markets Authority and the Saudi Arabian Monetary Agency. 

SS&C's Middle East business serves 850 financial institutions and corporate clients; 150 of these clients are in Saudi Arabia. SS&C offers leading software and services solutions across investment management, risk management, automation and deal services. Issa Jadon, Director, will lead the new office.

"We are excited to extend our business in Saudi Arabia," said Bill Stone, Chairman and CEO. "With more than $3 trillion in investments likely under Saudi Arabia's Vision 2030 economic transformation program, the Kingdom's financial services market is expanding rapidly.  SS&C leads with world-class technology, service, and deep knowledge of local markets and regulations."

"We are pleased to see SS&C strengthen their presence here," said Abdullah Al-Eisa, COO at Jadwa Investment, SS&C's long-time client in Saudi Arabia. "As their client for nearly two decades, we've experienced first-hand their innovative technological solutions, which have helped transform our investment operations. Establishing a new office in Riyadh signals a new chapter in our partnership, offering us more localized and tailored services."  

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. More than 22,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.

Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.
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SOURCE SS&C

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many clients does SS&C (SSNC) serve in the Middle East and Saudi Arabia?

SS&C serves 850 financial institutions and corporate clients in the Middle East, with 150 clients specifically in Saudi Arabia.

What is the investment potential associated with Saudi Arabia's Vision 2030 program for SSNC?

The Vision 2030 economic transformation program is expected to involve over $3 trillion in investments, presenting significant opportunities for SS&C.

Who will lead SS&C's (SSNC) new office in Riyadh, Saudi Arabia?

Director Issa Jadon will lead SS&C's new office in Riyadh, Saudi Arabia.

What services will SS&C (SSNC) offer through its new Saudi Arabia office?

SS&C will offer software and services solutions across investment management, risk management, automation, and deal services.