Emirates NBD, the largest banking group in the Middle East in terms of assets has announced the launch of Emirates Investment Services in Riyadh (EIS - KSA), Kingdom of Saudi Arabia. Emirates Investment Services, a subsidiary company of Emirates NBD has chosen an ideal location for its offices, in the heart of the business area at Al Tahlia. Licensed and approved by the Saudi Capital Markets Authority (CMA), EIS will provide Brokerage, Asset Management, Corporate Finance Advisory, Investment Advisory and Custody services to Kingdom's market. The launch was announced during a press conference held today (Wednesday, 21st of January, 2009), in Riyadh.
Commenting on the launch of EIS - KSA, Mr. Khaled Kalban, Chairman, Emirates Investment Services - KSA said: "As part of the Emirates NBD Group in the UAE, EIS will be ideally positioned to cross-sell products and services to existing clients, use the existing expertise and client base from within the Group to develop and grow its business in the Kingdom. EIS would also be looking to offer investment alternatives to Saudi Clients in the UAE market."
Since August 2008, EIS- KSA has been providing state of the art securities brokerage and investment banking services. Headed by Ahmed El Edwy, EIS has built up a team of professionals to provide approved services to investors and corporate entities in Saudi Arabia. Expansion plans are in place by opening additional offices in other cities in the future.
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