Argaam Co-Founder Dr. Rasheed Al-Owain Dies at 67

A Pillar of Financial Information

The regional financial landscape lost a significant figure today, April 12, with the passing of Dr. Rasheed Al-Owain, the co-founder of Argaam Investment Co. He was 67 years old. As a prominent businessman and a foundational architect of one of the Middle East’s most influential financial data portals, Al-Owain’s contributions were pivotal in democratizing access to market intelligence for traders and investors across the region.

Dr. Al-Owain’s career was defined by his commitment to transparency and the structural development of regional capital markets. By co-founding Argaam, he helped cultivate a digital ecosystem that provided retail and institutional investors with real-time data, corporate disclosures, and analytical tools that were previously difficult to aggregate. His vision was instrumental in professionalizing how market participants consume financial news, moving the industry toward a more data-driven paradigm.

Professional Legacy and Market Impact

Beyond his role at Argaam, Dr. Al-Owain held a distinguished position as the Vice Chairman of the Board of Directors at Argaam Investment Co. His leadership during the company’s formative years set a high standard for financial journalism and data accuracy in the Kingdom of Saudi Arabia and the broader GCC markets.

For those who track the Saudi Exchange (Tadawul), Argaam served as a primary source for earnings reports, board decisions, and macroeconomic indicators. Al-Owain’s influence on the platform ensured that investors could access reliable, high-frequency data, which is a cornerstone of efficient market functioning. His efforts played a silent but vital role in the evolution of regional stock markets, supporting the growth of investor confidence through information equity.