Global Investment House (Global) announced today that Global Investment House Saudi Arabia (Global-Saudi) received permission from the Saudi Financial Authority to launch its operations in private placements, M&As, privatizations, advisory services and IPOs to name a few. Global-Saudi has a capital of 50 million Saudi Riyals.
Global-Saudi is a full-fledged investment bank with a capital of 50 million Saudi riyals. It carries out various financial services such as the establishment and management of investment funds, portfolio management, international brokerage, private and public placement, underwriting, advisory, dealings as a principal and as an agent as well as custody.
Mrs. Maha Al-Ghunaim, Chairperson and Managing Director at Global stated that Global-Saudi aims to play an effective role in the Saudi capital market by introducing new products and services in the Saudi market.
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