Muwazana
Technology-first market maker providing algorithmic trading and liquidity to the Saudi Exchange.
Muwazana is a Riyadh-based capital markets firm that acts as a market maker, providing continuous liquidity and pricing for financial instruments traded on the Saudi Exchange (Tadawul) and other regional markets. The company builds its own trading infrastructure in-house, including low-latency trading systems, pricing algorithms, and research and data platforms, combining financial engineering with quantitative and AI-driven techniques. Rather than being a consumer-facing app, Muwazana operates as a licensed capital markets services provider that works directly with the exchange and other market participants to keep order books liquid. It has attracted investment from venture investors including Nuwa Capital, Arbor Ventures and VentureSouq.