Arqaam Capital eyeing Saudi Arabia presence | Economy | Saudi Gazette

Arqaam Capital eyeing Saudi Arabia presence | Economy | Saudi Gazette:



"ARQAAM Capital Ltd., the Dubai-based investment bank expanding across the Middle East and Africa, said it plans to open in Saudi Arabia within the next year to take advantage of rising demand for assets in the region. 




“Saudi Arabia is the region’s biggest market and no one can ignore that,” Chief Executive Officer Riad Meliti said in an interview yesterday in Dubai. “It’s something we’ve been looking at for a while and now’s the right time to do it.”



The bank is applying for a license to operate in the kingdom and hopes to start operations within 12 months, he said. Arqaam will start by offering brokerage services before expanding to a “full range of investment banking,” he said."



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