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MENAFN - Khaleej Times - 21/04/2014
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(MENAFN - Khaleej Times) The new branch will help to expand alkhair?s existing services to corporate and institutions offering a unique set of advisory and execution services to its clients.

alkhair capital saudi announced that it has opened an office at the dubai international financial centre or difc following approval from the dubai financial services authority or dfsa for a category 4 licence that allows alkhair capital saudi to operate as an authorised entity from the dfsa.

the new branch will help to expand alkhair’s existing services to corporate and institutions offering a unique set of advisory and execution services to its clients.

“we are delighted to be basing ourselves at the difc to launch our operations in the uae and beyond regionally and we look forward to delivering our clients a full range of investment banking services and advisory services” said yousef al shelash chairman of alkhair capital saudi. “bank alkhair has been operating for more than 10 years and we intend to strengtn our presence and capabilities to best serve our clients with an expanded range of products and services.”

essa kazim governor of the difc said: “alkhair’s decision to establish an office at the difc is testament to the continuing success of the strategy announced by his highness shaikh mohammed bin rashid al maktoum vice-president and prime minister of the uae and ruler of dubai to establish dubai as an islamic economy hub. this is a vision that the difc believe in and we are committed to supporting by creating an environment that is conducive to islamic finance institutions. we are pleased to welcome al khair to the difc and look forward to supporting them through their next phase of development and growth.”

alkhair capital saudi arabia seeks to provide the market with an integrated and comprehensive range of shariah-compliant investment products and services with an emphasis on delivering exceptional value and tailored solutions to clients and shareholders.

— business?khaleejtimes.com


Khaleej Times

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