Khalijia Invest, a Saudi investment firm which counts two major Kuwaiti investment banks as shareholders, plans to shut down most of its operations due to a cash crunch, a document seen by Reuters showed.
The retrenchment could be the firs
Khalijia Invest, a leading global Shari’ah compliant investment firm regulated by the Capital Markets Authority (CMA), said it has selected IdealRatings for all its Shari’ah funds universe screening.
Khalijia Invest needed a robust, fully
Khalijia Invest, a specialist in corporate finance and asset management, said it will soon start operations across Saudi Arabia in compliance with Shari’ah guidelines after it got approval from the Kingdom's Capital Market Authority.