Kamco Invest – Saudi and HSBC Saudi Arabia have partnered to launch a securities lending service for clients investing in the Saudi equity market. The new offering broadens the investment solutions offered by Kamco Invest – Saudi by enabling their clients to earn additional income from eligible securities held within their portfolios, transforming long-term holdings into an additional source of return. Kamco Invest is a regional non-bank financial services provider headquartered in Kuwait, with USD16.5bn AuM.
HSBC has pioneered securities lending in KSA. In 2021 it supported the Kingdom’s first on-exchange securities lending transaction, acting as custodian, agent lender and borrower for a large regional asset owner.