SAUDI ARABIA: Eiger Trading Advisors has announced the opening of its new subsidiary, Eiger Global, in Saudi Arabia. The new office, located in the capital city of Riyadh, marks a significant step in the company’s strategic expansion and commitment to growth in the region.
The Saudi office will allow Eiger Global to enhance its ability to serve clients and partners across the Middle East, offering specialized trading solutions and advisory services tailored to the needs of local and regional markets.
This expansion also reflects Eiger Trading Advisors’s dedication to providing enhanced solutions that address the unique challenges and opportunities in the Saudi market, according to the company.
“We are thrilled to establish a presence in Saudi Arabia,” said Christopher McGuigan, the joint CEO of Eiger Trading Advisors and general manager of Eiger Global.
“This move represents a significant milestone in our growth strategy and demonstrates our commitment to delivering exceptional value to our clients in the Middle East,” he noted.
Eiger Global aims to leverage the expertise of its parent company to deliver its offerings and position itself as a key player in the region.
Eiger Trading Advisors is a UK-headquartered fintech firm that provides commodity trade facilitation and execution services to the Islamic finance sector. Its cloud-based trading system – the Eiger Trading Platform – is designed to facilitate the purchase and sale of Shariah compliant assets for the commodity Murabahah requirements of Islamic financial institutions.
