KnowledgeNet Partners with Beltone to Upgrade Brokerage System

KnowledgeNet Co. has announced on Tuesday, January 14, the signing of a strategic partnership with Beltone Securities Brokerage, Beltone Holding for Financial Investments, and Beltone Fixed Income. The partnership aims to replace and modernize the current brokerage and custody management system by implementing the TradeNet Back Office and TradeNet Custody systems.

According to the company’s statement on “Tadawul,” this project provides a fully integrated software solution designed to enhance the management, operation, monitoring, and control of all brokerage and custody activities with high efficiency and advanced automation. The contract is valued at 3.2 million riyals.