Alkhabeer Capital, Saudi Fransi Capital sign cooperation agreement to expand investment outlets and brokerage services
- Saudi Arabia: Tuesday, October 02 - 2012 at 13:45
- PRESS RELEASE
Mr. Ammar Shata, Executive Director and CEO of Alkhabeer Capital (AKC), and Mr. Yasir bin Othman Al-Rumayyan, CEO of Saudi Fransi Capital (SFC), have signed a cooperation agreement covering brokerage services in different financial markets and to facilitate multiple operations in various currencies. The signing ceremony was attended by Mr. Mazen Tamimi, SFC Western Region Manager, and Mr. Ahmed Ghouth, AKC Deputy Chief Executive Officer.
Under the agreement, Saudi Fransi Capital will enable Alkhabeer Capital to use its infrastructure for brokerage and custody services, which will give AKC added flexibility in trading and executing operations related to its clients' managed portfolios.
This cooperation comes as a notable addition to the list of services offered by Saudi Fransi Capital, which are built on a firm understanding of the investment needs of its clients among companies, financial institutions and individuals, backed by the best investment services and solutions in the Kingdom.
Ammar Shata, Executive Director and CEO of Alkhabeer Capital, expressed his delight at signing the agreement with Saudi Fransi Capital, which is expected to support the two companies' operations in the financial market of Saudi Arabia as well as other international financial markets, thus setting an example of cooperation between brokerage companies operating under the umbrella of the Capital Market Authority.
Meanwhile, Yasir bin Othman Al-Rumayyan, CEO of Saudi Fransi Capital, expressed his pride upon signing the agreement which he said was an embodiment of the power of information technology systems and infrastructure, and investment services as provided by a company whose strength lies in a full grasp of market requirements and the latest in service offering. This reflects positively on the interest of investors in all sectors, whether they are individuals, companies or major financial institutions. He thanked Alkhabeer Capital for their show of confidence in selecting Saudi Fransi Capital.
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