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

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.

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


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Mr. Ali Samir al Shihabi, Founder and CEO of Rasmala
Mr. Ali Samir al Shihabi, Founder and CEO of Rasmala


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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.

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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.
Lara Lynn Golden Posted by Lara Lynn Golden, News Editor
Saturday, September 09 - 2006 at 17:03 UAE local time (GMT+4)

Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.

This Article was updated on Thursday, May 31 - 2007


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