PC: www.arqaamcapital.com
Dubai-based Arqaam Capital, one of the prominent investment banking houses focused on the Middle East and North Africa (MENA) region, has crossed another major milestone lately. The Saudi Capital Market Authority has given the much-required nod to the investment bank to start business operations in the Kingdom of Saudi Arabia. It is indeed a rather important step in the larger strategic expansion of Arqaam Capital within the region. The nod from the Saudi CMA underlines the firm’s increased commitment to further strengthening its presence in the MENA region, with Saudi Arabia remaining amongst its key markets for future growth plans. Indeed, it is a landmark moment in the long-term strategy of the firm that cements it further as a market leader in the regional investment banking sector.
A platform that has its research docket very comprehensive, Arqaam Capital boasts of in-depth coverage of 85% of market capitalization of companies listed on Saudi Tadawul. This comprehensive coverage points towards the firm’s profound understanding of the economy within the kingdom as well as its prime sectors. Having been seasoned in corporate finance and debt as well as equity capital markets advisory, Arqaam Capital will therefore continue to deliver sterling investment banking services for Saudi Arabian clients and further help to flow seamless cross-border capital.
According to Radi El Helw, CEO of Arqaam Saudi, CMA approval is a badge of honor to the strength of the firm’s business model and its commitment to delivering outstanding services to clients across the region. This is part of the strategic growth plan through establishing Arqaam Capital’s presence in Saudi Arabia, as it is enabling the firm to deliver its market-leading services to that vibrant and rapidly evolving market.
Consistent with Saudi Vision 2030, Arqaam Capital is committed to nurturing and developing local Saudi talent, encouraging active participation in the growth and development of the Kingdom’s financial sector. Local talent development is an integral part of the firm’s strategy to positively contribute to Saudi Arabia’s economic development.
One of Arqaam Capital’s strategic steps for the expansion of business operations in Saudi Arabia is a license to invest. This will enable the company to offer a diversified regional equity and fixed income product line, tailored to produce superior risk-adjusted returns for clients. In this light, by developing the newly conceived product range, Arqaam Capital would further reinforce leadership positions in emerging and frontier markets.
