Saudi Arabia Fintech Robo-advisor Market Size | 2019-2033

Saudi Arabia Fintech Robo-advisor Market Growth and Performance

• The Saudi Arabia fintech robo-advisor market size in 2033 will be US$ XX1.78 Billion, with a forecasted Compound Annual Growth Rate (CAGR) of 51.3%.
• In terms of service model classification, the primary segment expected to lead is pure robo-advisors, with an estimated market worth of US$ XX.18 Billion by 2033.

Saudi Arabia Fintech Robo-advisor Market Outlook

Saudi Arabia fintech landscape is rapidly evolving, with robo-advisory services gaining significant traction as part of the country's broader financial transformation. The launch of Derayah Smart by Derayah Financial marked a pivotal moment, introducing digital financial advisory services that leverage algorithms to assist individuals in making informed investment and savings decisions. The platform's ability to provide personalized investment solutions based on user responses, coupled with robust risk management strategies, underscores its alignment with Saudi Arabia's Vision 2030 initiative. This initiative aims to foster a more investment-savvy population while modernizing the Kingdom’s financial sector.

The emergence of Abyan Capital as a leading fintech player further highlights the growing confidence in Saudi Arabia's artificial intelligence-driven financial services. Since its establishment in 2022, Abyan Capital has secured $18 million in funding, reflecting strong investor interest. The company utilizes AI and machine learning to automate investment management, providing accessible wealth management solutions. With deposits exceeding SR1.4 billion and over 100,000 portfolios under management, Abyan Capital is democratizing investment opportunities for a broader audience. The firm's future plans include enhancing its platform, expanding financial products, and strengthening its position as a digital retail investment leader, reinforcing the Kingdom’s commitment to fintech innovation and financial inclusion.

Saudi Arabia's regulatory environment is also playing a crucial role in shaping the robo-advisory market. The Capital Markets Authority (CMA) has granted permits to fintech firms like Wahed Capital and Haseed Investing Company to experiment with automated investment advisory services. These platforms provide digital advisory solutions that cater to a tech-savvy millennial investor base, offering a seamless, low-cost alternative to traditional wealth management services. Given that robo-advisors have already gained mainstream acceptance in Western financial markets, their gradual adoption in the Middle East signals a paradigm shift in the regional investment landscape.

In addition to Abyan Capital, other prominent robo-advisory platforms have emerged, catering to different investor profiles and financial goals. Malaa, for instance, is known for its low annual fees of 0.35% and its focus on Sharia-compliant portfolios, making it an attractive choice for beginners with a minimum investment of SAR 1,000. Similarly, Tamra Capital leads in assets under management (AUMs), offering Sharia-compliant exchange-traded funds (ETFs) with an entry requirement as low as SAR 500. Drahim sets itself apart with competitive fees starting at 0.25% and detailed financial reports, ensuring transparency and informed decision-making.

High-net-worth individuals seeking exclusive financial guidance can turn to Vault Wealth, which requires a minimum investment of $100,000 and offers tailored advisory services. Meanwhile, Derayah Smart continues to expand its automated portfolio management services, reinforcing its commitment to Sharia-compliant investments and trading solutions. Sarwa, another key player, offers diversified investment strategies, including Halal portfolios, with a minimum balance of $500. Abyan Capital, with its long-term investment focus, aligns with Saudi Arabia’s Vision 2030 goals by providing sustainable wealth management solutions for both individual and institutional investors.

The growing adoption of robo-advisors in Saudi Arabia is a testament to the country’s shift toward digital transformation in financial services. By integrating AI, automation, and machine learning, these platforms offer cost-effective and efficient investment solutions, catering to a diverse range of investors. As fintech continues to gain momentum in the Kingdom, the expansion of robo-advisory services is expected to play a crucial role in fostering a financially inclusive and technologically advanced economy.

Saudi Arabia Fintech Robo-advisor Market Scope