HSBC Saudi Arabia

HSBC Saudi Arabia Limited
LLC
Industry Banking
Founded 2005 (2005)
Headquarters Riyadh, Saudi Arabia
Products Investment Banking
Islamic Finance
Asset Management
Capital Markets
Number of employees
 300[1]
Website www.hsbcsaudi.com

HSBC Saudi Arabia Limited is a joint venture between The Saudi British Bank (SABB) and HSBC,[2] established in 2005, as a limited liability company headquartered in Riyadh, Saudi Arabia with a share capital of SAR 50 million (US$13.33 million).[3]

It is the first full-service, independent investment bank to be established in the Kingdom of Saudi Arabia[4] and serves as HSBC’s investment banking arm in the Kingdom. HSBC group holds a 49% stake in the joint venture with SABB holding 51%.

The bank provide services in corporate finance, asset management, equity brokerage and security. It employs more than 300 employees.[1] The bank is a component on the Tadawul Exchange.

See also

References

  1. 1 2 "The HSBC Group in the Middle East" (PDF). HSBC. Retrieved 14 April 2012.
  2. ↑ "About us". HSBC Saudi Arabia. Retrieved 14 April 2012.
  3. ↑ "HSBC, SABB to Set Up Kingdom's First Independent Investment Bank". Arab News. 21 November 2005. Retrieved 14 April 2012.
  4. ↑ "HSBC and the Saudi British Bank to establish first independent investment bank in Saudi Arabia" (PDF). HSBC. 21 November 2005. Retrieved 14 April 2012.
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