RIYADH, Saudi Arabia — July 10, 2026 — Saudi billionaire Abdullah bin Sulaiman Al Rajhi has entered into a strategic partnership with KM Global Capital to grow and expand a Sharia compliant proprietary trading firm in Europe. The initiative aims to provide trading solutions aligned with Islamic finance principles for investors seeking ethical financial instruments.
The entity will remain and operate under the name KM Global Capital and will be headquartered in Manchester, United Kingdom. The firm is expected to begin operations in the fourth quarter of 2026.
Abdullah bin Sulaiman Al Rajhi, a prominent Saudi investor with interests across banking, finance, and investments, brings capital and regional market experience to the venture. KM Global Capital, a Manchester-based investment firm, specialises in spot trading and the development of Sharia-compliant financial products.
The partnership reflects continued interest in Islamic finance across Europe, where demand for ethical and faith based financial solutions has increased. The global Islamic finance sector continues to expand, with institutions exploring new products and services designed to meet the needs of Muslim and ethical investors.
The proprietary trading firm will operate under the guidance of a Sharia supervisory board to help ensure activities comply with Islamic principles, including the prohibition of interest (riba) and excessive uncertainty (gharar). The firm will focus on equity, commodity, and crypto trading while avoiding derivatives and leveraged instruments.
KM Global Capital CEO Kam stated, “This partnership combines Abdullah bin Sulaiman Al Rajhi’s experience and capital resources with our expertise in Sharia-compliant finance to grow and expand a trading platform designed for European investors.”
The launch comes as interest in ethical finance continues to grow across Europe. While some conventional financial institutions have introduced Islamic finance services, dedicated Sharia-compliant proprietary trading firms remain limited.
KM Global Capital aims to provide structured trading services focused on compliance, accessibility, and investor education.
The firm will also establish an educational division to promote financial literacy in Islamic finance among retail and institutional investors. A series of seminars and webinars is planned for 2027.
Abdullah bin Sulaiman Al Rajhi is a Saudi billionaire investor and philanthropist with investments across banking, finance, and other sectors. KM Global Capital is a Manchester-based prop firm specialising in alternative investments and Sharia-compliant financial solutions.KM Global Capital
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