Register | Forgot password?
Switch to Arabic
Saturday, November 14 - 2009

Rasmala awarded approval by the Saudi Capital Market Authority to establish a Saudi subsidiary

  • Saudi Arabia: Saturday, September 09 - 2006 at 17:03
  • PRESS RELEASE

Rasmala Investments, a leading regional Investment Bank, based in the Dubai International Financial Center, announced today that it has been awarded a license, by the Saudi capital markets authority, to establish a wholly owned subsidiary, Rasmala Investments (Saudi Arabia) Ltd., to be based in Riyadh.

Article continues below
  • Mr. Ali Samir al Shihabi, Founder and CEO of Rasmala
    Mr. Ali Samir al Shihabi, Founder and CEO of Rasmala
Commenting on this development, Mr. Ali Samir al Shihabi, Founder and CEO of Rasmala, said:
"Saudi Arabia is the largest and most important financial market in the region. The establishment of Rasmala Investments (Saudi Arabia) Ltd. is an important step in the growth and development of Rasmala."


Rasmala's Saudi subsidiary will allow the company to service its Saudi client base more effectively and grow its Saudi business. The company will focus on Private Equity, Mergers, Acquisitions, IPO advisory and other associated services that are approved by the Saudi Capital Market Authority.

Rasmala is managed by a team of partners with extensive experience in the global and regional financial services sector.

Rasmala's shareholders include Deutsche Bank, SAMBA Financial Group, and a distinguished group of investors from Saudi Arabia and the UAE.
Also consider reading:
Log in to request more information from Rasmala Investments

Notes and media contacts

Bassem El Zein
Vice President, Communication & Marketing
Rasmala Investments
Dubai International Financial Centre,
The Exchange Building, Level 6
Dubai, UAE
Tel: +971 4 3635600
Fax: +971 4 3635635

About Rasmala:

Rasmala services include:

Direct Investment: Rasmala structures opportunities in direct investments in private companies (not listed in financial markets). This includes sourcing, due diligence, valuation and financing.

Merger and Acquisition: Rasmala advises its clients on structuring and executing merger and acquisition opportunities. This includes identifying targets, valuation, negotiation, sourcing financing, and managing an alliance of service providers required to execute the transaction. This covers both the buy side and sell side.

Real Estate Investment: Rasmala structures and sources investment opportunities in the sector of commercial real estate, housing... etc.

Portfolio Management: Rasmala structures and manages portfolios in Arab and Global markets. Rasmala follows the "manage the manager" model, selecting and monitoring best in class managers.

Islamic Financial Services: Rasmala, through its subsidiary "iHilal Islamic Financial Services", sources, structures and promotes the best Islamic financial products as well as managing Islamic portfolios.

Financial Brokerage: Rasmala offers brokerage services in Dubai Financial Market and Abu Dhabi Securities Market through its subsidiary "Rasmala Financial Brokerage".

Rasmala is authorized by Dubai Financial Services Authority, Saudi Capital Market Authority, and Financial Services Authority of the United Kingdom.

Disclaimer:

Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com

Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.

For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions