WIKIFX REPORT: Alawwal Invest (AI) enters into an agreement with HSBC Saudi Arabia
Abstract：Alawwal Invest has entered into an agreement to Transfer HSBC Saudi Arabia’s Asset Management, Retail Brokerage and Retail Margin Lending businesses (together, the “Transferring Businesses”).
Alawwal Invest has entered into an agreement to Transfer HSBC Saudi Arabias Asset Management, Retail Brokerage and Retail Margin Lending businesses (together, the “Transferring Businesses”).
Alawwal Invest is a wholly owned subsidiary of SABB. HSBC Saudi Arabia is owned 51% by HSBC Group and 49% by SABB. HSBC Group is the single largest investor in SABB with a 31% shareholding.
The transfer of the businesses is expected to complete during 2022 Gregorian calendar year [1443 Hijri], subject to necessary approvals. All HSBC Saudi Arabia teams that are part of the Transferring Businesses and their supporting functions will also transfer to Alawwal Invest, ensuring customers have a seamless transition.
David Dew, SABB‘s Managing Director, added “The transaction enables SABB to strategically widen our service offering to our large base of clients across the Kingdom. It takes us one step closer to fulfilling our commitment towards helping our customers achieve long-term value creation by giving them access to one of Saudi Arabia’s leading wealth and asset management platforms.”
Mazen Bunyan, Chief Executive Officer of Alawwal Invest, said “This transaction is truly transformational for Alawwal Invest. It will allow Alawwal Invest to acquire scale and significantly enhance its position in the asset management and retail brokerage businesses in the Kingdom. We look forward to welcoming HSBC Saudi Arabias customers, and the world-class teams servicing them, to the Alawwal Invest family.”
Alawwal Invest is a leading provider of Investment management solutions to private and institutional clients in Saudi Arabia. As a wholly-owned subsidiary of SABB, Alawwal Invest aims to provide its clients with a seamless experience across both the core banking and wealth management propositions, as well as access to Local or International Brokerage platforms, and a comprehensive range of world-class investment opportunities.
SABB is one of the largest banks in the Kingdom, with 1.54 million retail customers, and a 114 branch network. Its strategic relationship with HSBC gives SABB customers unique access to a global banking network.
Read more
Rupee Ends 13 Paise Up at 95.15 After RBI Holds Repo at 5.25%: The Effect of a Weak USD, Cooler Oil
The Indian rupee settled at 95.15 against the US dollar on 5 August 2026, gaining 13 paise after the Reserve Bank of India's Monetary Policy Committee voted 6-0 to keep the repo rate unchanged at 5.25 percent for the third time in a row in FY27. The rupee had opened 46 paise higher, rallied to an intraday strongest of 94.89 ahead of the policy decision, and then drifted back as RBI Governor Sanjay Malhotra noted that the currency 'has not appreciated as intended despite the high flows from foreign shores.' A weak dollar index, a sharp pullback in Brent crude from above USD 100 in July, and net FII equity inflows of Rs 2,447 crore on Tuesday combined to support the rupee. USD-INR is expected to trade in a 94.80-95.50 band in the near term.
Errante Review 2026: Users Claim a Poor Trading Experience. What Does Our Investigation Reveal?
Errante, a Seychelles-based brokerage entity, is facing serious trading allegations from users globally. Users claim to have earned profits legitimately using their strategies. However, on the Errante login dashboard, many users reported an automatic deduction of earned profits. At the same time, withdrawal issues allegedly haunt many traders here. While investigating, we also found complaints concerning trade order manipulations by the broker. In this Errante review, we have examined these allegations and given an overview of its regulatory status.
Monisha Chakraborty Appointed as RB Executive Director: What Does This Mean for India's FX Market?
The Reserve Bank of India has appointed Monisha Chakraborty as Executive Director with effect from 3 August 2026; she will oversee the Foreign Exchange Department and the Financial Markets Regulation Department. Chakraborty is a career central banker with over three decades of experience in Supervision, Foreign Exchange, and Government and Bank Accounts, and previously served as Banking Ombudsman. This report explains the significance of the new RBI Executive Director appointment for forex regulation India, the scope of the Foreign Exchange Department and the Financial Markets Regulation Department, and what authorised persons, banks, and forex market participants should monitor as the new ED takes charge.
Forex Liquidity Provider in 2026: How to Choose One Your Brokerage Can Actually Operate
A forex liquidity provider decision now shapes the broker's spreads, fills, slippage, hedging cost, regulatory exposure, and exit options long after the platform is chosen. This 2026 guide explains what a forex LP actually delivers versus what the marketing claim says, how tier-1 banks, prime of prime, and multi-LP aggregators differ in practice, and how execution models (DMA, ECN, STP) change the broker's daily operating reality. It also walks through due diligence on credit, technology, reporting, governance, and exit, and shows how a 2026 broker can combine a primary LP with secondary routing without losing control of the client experience. Use the decision matrix, integration timeline, and operational tests to compare an fx liquidity provider before contract signature, not after a market event.
WikiFX Broker
Latest News
Apple Faces Lawsuit Over Fake Crypto App Exposing $1.8 Million Theft
WikiFXTrump Memecoin Faces SEC Scrutiny After Nearly One Million Investors Suffer Heavy Losses
WikiFX"They Want to See Your Face": Inside ATFX Cambodia's Rise
WikiFXSpread Cheating: The Invisible Trading Cost That Could Be Working Against You
WikiFXLevels Review: No Regulation and Mounting Withdrawal Complaints – What Traders Need to Know
WikiFXLQH MARKETS Review: Multiple Traders Report Withdrawals Blocked and Accounts Terminated
WikiFXBorn2trade Adds Copy Trading to 1:5000 Leverage Platform
WikiFXPILOTFX Review: What Traders Should Know Before Depositing
WikiFXLMAX Group Review 2026: Users Report Disturbing Withdrawal Issues - Is the Broker Still Reliable?
WikiFXTrade24Seven Review: What Traders Should Know Before Depositing
WikiFXRate Calc
