SNB Capital announces strategic alliance with Aon Talent Solutions

SNB Capital, a leading regional financial institution, and Aon Talent Solutions, a leading global professional services firm, today announced a strategic alliance to provide listed companies with a comprehensive solution for employee share plan (ESP) services in the Kingdom.

The alliance will harness the strengths of both firms to cover plan design, advisory, communication, administration and management services to relevant stakeholders and employees in listed companies on the Saudi Exchange as well as companies preparing for initial public offerings (IPOs).

Loai Bafaqeeh, Head of Securities at SNB Capital stated: “We are thrilled to engage with Aon to enhance employee share plan (ESP) services in the Kingdom for current and potential clients. This alliance reflects our commitment to continue driving adoption of these programs, which aligns management and executive incentives with shareholder value.”

George Broniszewski, Partner at Aon Talent Solutions in Middle East, added: “Aon and SNB Capital share a steadfast commitment to empowering businesses in Saudi Arabia. Aon is in the business of better decisions, and together, we will provide our clients with the expertise necessary to facilitate long-term equity incentive plans that drive success and build more resilient workforces.”

Both organizations are committed to continue working closely with regulatory authorities to support greater engagement in these programs while ensuring their respective roles are in constant compliance with the regulatory requirements of the Saudi Exchange and the Capital Market Authority.

As the forefront of innovation in this area and the largest and most experienced provider in the kingdom, SNB Capital has a successful track record of providing employee share plan (ESP) services to clients since 2014, currently servicing 10 of 15 listed companies on the Saudi Exchange with a combined total of over 70,000 employees under coverage of their various services. SNB Capital’s services include custody, brokerage, administration and reporting, as well as providing a purpose-built and dedicated digital solution for employees, the employer and the stakeholders to manage awarded shares. These digital services are further supported by SNB Capital’s broad network across the Kingdom and additional services through SNB Capital Wealth Management division supporting senior and C-Level employees.

Aon’s Talent Solutions provides leaders with a powerful mix of data, analytics and advice to help them make better workforce decisions. Its team, spanning 2,000 colleagues in more than 30 countries, includes the firm’s rewards, talent assessment, and performance & analytics practices.