15 Jun, 2023
“Musharaka Capital” announces the approval of “Saudi Tadawul” to join the financial brokerage firms as a market member, after completing all technical and regulatory procedures and requirements of the Saudi market. This step affirms “Musharaka Capital's” efforts to launch an advanced financial brokerage platform using the latest technologies, which enables it to provide the best services to its clients.
The Saudi Exchange today welcomed Musharaka Capital as an exchange member. Musharaka Capital is a leading boutique investment management and banking firm based in the Kingdom of Saudi Arabia, that provides innovative financial products and services to retail and institutional investors. The exchange member joining ceremony was attended by Mr. Ibrahim Alassaf, CEO of Musharaka Capital, and Mr. Mohammed Al Rumaih, CEO of Saudi Exchange.
As an exchange member, Musharaka Capital will enable direct access to trading on the GCC’s largest stock exchange for its clients. Furthermore, Musharaka Capital will have the opportunity to provide financial advisory services covering equity placements, including initial public offerings (IPOs), private placements, mergers and acquisitions, strategic debt advisory and asset management.
Speaking on the occasion, Mr. Ibrahim Alassaf, CEO at Musharaka Capital said: “Musharaka Capital’s admittance to the Saudi Exchange as a market member is a landmark moment in the history of our Company that presents a compelling opportunity to contribute meaningfully to the Saudi capital market. As a market member, we will continue to uphold our existing investment philosophies while providing greater access to the Saudi capital market for our customers while adopting additional responsibilities as a financial advisor on both public and private transactions.”
Mr. Mohammed Al Rumaih, CEO of Saudi Exchange said, “We are pleased to welcome Musharaka Capital as the most recent exchange member to join the Saudi Exchange. The addition of Musharaka Capital is another step in our journey to creating a more transparent and diverse capital market. This is an important milestone that demonstrates our commitment to growing the Saudi capital market ecosystem in line with our commitment to Vision 2030’s Financial Sector Development Program to stimulate greater access for all market participants.”