Riyadh – Mubasher: MENA-focused investment banking institution Arqaam Capital obtained the approval of the Saudi Capital Market Authority (CMA) to begin operations in the Kingdom, according to a press release.
The CMA’s approval boosts the firm's broader regional expansion strategy across the GCC.
Arqaam Capital’s research platform covers 85% of the market capitalisation of Tadawul-listed companies and across key sectors of the Saudi economy.
Based on its sectoral expertise and its strong pedigree in Corporate Finance and Debt and Equity Capital Markets Advisory, Arqaam is positioned to provide market-leading Investment Banking services to its clients in Saudi Arabia and also facilitate cross-border flows.
Radi El Helw, CEO of Arqaam Saudi, commented: "Securing CMA’s approval is a testament to the strength of our business model and reinforces our commitment to serving clients across the region.”
"Our presence in Saudi Arabia is a key component of our strategic growth plan, allowing us to bring our best-in-class services to this dynamic market," El Helw added.
Within the Saudi Vision 2030 framework, Arqaam Capital is committed to hiring and developing local Saudi talent to enhance the development of the Kingdom’s financial sector.
