Thursday 23 May 2019

Shaker and Al Hussan taking part in the ceremony at Riyadh.

Saudi Tadawul celebrates GIB Capital membership

RIYADH, February 17, 2019

The Saudi Stock Exchange (Tadawul) has welcomed GIB Capital, a wholly-owned subsidiary of Gulf International Bank (GIB) as a market member.

This membership allows GIB Capital to become a market member and a del credere, providing its clients with the opportunity to trade in GCC’s largest stock market.

As a Tadawul member, GIB Capital will also provide financial advisory services covering equity placements (initial public offerings and private placements), mergers and acquisitions, privatizations, strategic debt advisory and asset management.

A ceremony was hosted at Tadawul’s headquarters in Riyadh to celebrate the achievement in the presence of Engineer Khalid Abdullah Al Hussan, CEO of Tadawul and Osamah Mohammed Shaker, CEO and Board member of GIB Capital, and other senior executives from both companies.

Commenting on the occasion, Al Hussan, said: "We are pleased to have GIB Capital as a member, which will help contribute to providing financial advisory to market participants. This helps develop a transparent investment environment, something that we have been relentlessly working to achieve through our strategic plans to increase market depth."

With more than 30 years of experience in investment banking services, GIB Capital provides a full spectrum of investment banking services to help individuals and corporates in meeting their financial and investment needs with high efficiency.

Shaker said this announcement was a significant mark in GIB Capital’s history, and an important opportunity to work with Tadawul and all market participants to increase the inflows of foreign investments to the market and Saudi Arabia in general.

"The company will be attracting qualified investors through our offices in London and New York to invest in Saudi Arabia. GIB Capital will provide trading services for equities, debt instruments and futures contracts to customers in a modern way that relies primarily on the latest technologies in this field," he added.-TradeArabia News Service


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