Derayah Financial enhances forex contract trading platforms

Updated 20 August 2019

Derayah Financial enhances forex contract trading platforms

Derayah Financial, a Riyadh-based investment solutions company licensed by the Capital Market Authority, has added forex contract trading services to its offerings to ensure better, safer, and more integrated investment options for investors.

Through the recently launched Derayah Global and Derayah Global Plus services, customers can access various investment products and advanced financial instruments, such as forex contracts, contracts for difference (CFDs), futures, futures options, warrants, and fixed income in Asian, European and US markets.

The advanced and fully integrated Derayah platforms can be used to carry out buying and selling orders, follow real-time prices in international markets, and create follow-up lists for shares, option contracts, and exchange-traded funds (ETFs).

Using multiple communication channels that include smartphone applications and direct phone calls, customers can place market orders (MKT), limit orders (LMT), stop loss/profit orders (STP), limit stop loss/profit orders (STP LMT), market on close orders (MOC), limit on close orders (LOC), trail orders, and trail stop limit orders.

The various options enable customers to better control their investments as they try to maximize profits and avoid/limit losses. 

While Derayah’s charges are competitive, the company said it ensures the highest security measures for customers through electronic security tools and provides fully transparent information regarding customers’ portfolios and investments. This enables customers to trade in full confidence through safe trading channels. Customers can join the service electronically without signing any documents or visiting company branches.

“We are pleased to be among the first brokerages to enable customers to trade in forex contracts in local and global markets on an integrated and advanced platform that our team of experts developed,” said Mohammed Al-Shammasi, chief executive of Derayah Financial. 

“Our platform allows eight types of selling and buying orders and provides real-time securities prices, with the possibility of creating follow-up lists and viewing the series of options and all available contracts. We offer significant capital facilities, and our professionals are always there to answer customer’s questions and provide advice.”

Through the Derayah forex platforms, investors seeking to expand their investments can tap into the forex contract opportunities and serve their investment objectives.

OOCL joins shipping lines at King Abdullah Port

Updated 17 September 2019

OOCL joins shipping lines at King Abdullah Port

OOCL, a Hong Kong-based shipping company, has joined the group of international companies transporting cargo and delivering maritime shipping services to and from King Abdullah Port. This comes with the company’s official launch of operations in the port located in King Abdullah Economic City and the subsequent arrival of containers to the berths.

The move aims at enhancing the trade movement of imports and exports in the Kingdom.

“The addition of OOCL to the list of leading international shipping companies operating in King Abdullah Port is a testament to the trust of key players in the maritime shipping industry, as the port enjoys a strategic location on one of the most important international maritime shipping lanes as well as integrated infrastructure and logistics services,” a press release said.

The port is located near the Industrial Valley, the Bonded and Re-export Zone, and major Saudi cities such as Jeddah, Makkah and Madinah, which together constitute the main commercial center in the Kingdom. King Abdullah Port also enjoys close proximity to Madinat Yanbu’ Al-Sina’iyah, which is witnessing a massive trade movement in the field of petrochemicals, and it is linked to a road network that facilitates the process of transporting goods by land to and from ships to Riyadh, Dammam, and other cities in the Arabian Gulf.

Officially inaugurated last February by Crown Prince Mohammed bin Salman, King Abdullah Port was ranked the second fastest-growing port in the world in 2018 by Alphaliner, a global specialist in data analysis of maritime transport, port capabilities, and the future development of vessels and global maritime routes. The port’s throughput increased from 1.7 million TEU in 2017 to 2.3 million TEU in 2018.

Run by the Ports Development Company, King Abdullah Port is the region’s first port to be fully owned, developed and operated by the private sector. It has been listed as the fastest-growing container port and one of the world’s 100 largest ports after less than four years of operation. Ten of the largest shipping lines work at the port to offer integrated services to importers and exporters. The port’s development plan is proceeding at a steady pace with a clear vision to become one of the world’s leading ports, utilizing its advanced facilities and proximity to the Bonded and Re-export Zone and the logistics park.

With state-of-the-art processing facilities, the world’s deepest 18-meter water berths, expanding roll-on/roll-off operations, and a fully integrated Port Community System, King Abdullah Port is capable of receiving today’s diverse mega cargo ships, fulfilling the growing needs of the young and fast-growing population of the Kingdom and the region.