Commenting on this development, Mr. Ali al Shihabi, Founder and CEO of Rasmala, said: "This recent approval will strengthen Rasmala's position in Saudi Arabia, the biggest regional market. Rasmala Investments (Saudi Arabia) Ltd will now play a bigger role in servicing our clients in Saudi and creating a regional and international investment platform for them".
Rasmala announced last week that it has acquired 51% of the Delta Financial Group in Egypt. This will strengthen Rasmala's regional reach by giving the firm a strong presence, on the ground, in the biggest economies in the region - Saudi Arabia, the UAE and Egypt.
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Rasmala Investments expands its operations in Saudi Arabia
- United Arab Emirates: Tuesday, November 06 - 2007 at 13:42
- PRESS RELEASE
Rasmala Investments Holdings announced that it has been granted the official approval by the Saudi Capital Markets Authority to expand its services in Saudi Arabia to include private equity, mergers and acquisitions, IPO advisory, asset management and brokerage.
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Notes and media contacts
About RasmalaRasmala is a regional Investment Bank with its headquarters in the Dubai International Financial Centre, with operating subsidiaries in Riyadh, Cairo and London.
Rasmala's activities cover:
Private Equity
Asset Management
Brokerage
For Media Inquiries:
Bassem El Zein, Vice President - Marketing & Communications
Nathalie Salas, Head of Corporate Communications
Tel: +971 4 363 5600 Fax: +971 4 363 5635
Posted by Anne-Birte Stensgaard, Senior News EditorTuesday, November 06 - 2007 at 13:42 UAE local time (GMT+4)
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