NCB Capital Launches Free Live Prices Services for All Alahlitadawul Customers

Press release
Published April 17th, 2014 - 07:15 GMT
The free offer is part of NCB Capital’s efforts to meet all its customers’ need for live price dissemination as a progressive alternative for the current 15-minute delayed price display
The free offer is part of NCB Capital’s efforts to meet all its customers’ need for live price dissemination as a progressive alternative for the current 15-minute delayed price display

NCB Capital, Saudi Arabia’s leading wealth manager and the Kingdom’s largest asset manager, has launched a free local shares live price service for all its brokerage customers who use its Basic online trading service, Alahli Tadawul. The free offer is part of NCB Capital’s efforts to meet all its customers’ need for live price dissemination as a progressive alternative for the current 15-minute delayed price display.

The free live prices service gives Alahli Tadawul customers more peace of mind and greater ease in trading by offering many advantages that include immediate access to prices of stocks listed on the Saudi stock market; access to in-depth market information by orders ( for the top 10 orders) or by prices (for the top 5 bids and 5 asks).

In addition, the service allows Alahli Tadawul customers to create more than a dozen of prices watch lists with the possibility to issue a buy or sell order from the same list of prices.The service also provides important market information,such as corporate news, company statistics, a sector index, and many other benefits.

Commenting, Khalid Tahir, Acting Head of Securities at NCBCapital, said: "Today we redefine trading services and redouble the value thatwe offer toour customers who subscribe to the Alahli Tadawul Basic service. This progressive move is part of our efforts to developour services and products by focusing on meetingour customers’ specific requirements in order to maintain NCB Capital’s brokerage leadership in the Kingdomof Saudi Arabia andthe region.”

Mr. Tahir went on to say: "Providing this free service is in line with NCB Capital’s mission to support, empower and rewardits clients by providing them with more strategic tools that will help them in the process ofmaking the right decision at the right time. The service comes in a package of free services provided by NCB Capitalto its clients, including the freedaily opportunities tips service which automatically offers customers daily trading opportunities based on technical analysisof the local stock market.”

The new initiative effectively enhances NCB Capital’s competitive advantages and strengthens the company's aim to be theleading investmenthouse in Saudi Arabia and the region.

Throughits team of experts who have in-depthknowledge of the Saudi marketand the needs oflocal investors, NCB Capitaloffersacomprehensive range ofbrokerage servicesincluding online trading; special trading lounges, an IVR Interactive Voice phoneservice,and a personalized service that enables trading through a livebrokerviafaxor phone..

Background Information

NCB Capital Company

NCB Capital was founded in 2007 as the investment banking and asset management arm of the National Commercial Bank (over 90% ownership), providing clients with premier solutions of integrated investment services. Today, NCB Capital is the largest Asset Manager in the Kingdom of Saudi Arabia and the largest Sharia compliant Asset Manager globally with over SAR140 billion of assets under management.

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