Musharaka Capital joins the brokerage institutions operating in the market
15 June 2023
Musharaka Capital Joins Saudi Exchange as a Financial Brokerage Member
Musharaka Capital has announced that Saudi Exchange (Tadawul) has approved its membership as a financial brokerage firm, following the completion of all technical and regulatory requirements. This milestone aligns with Musharaka Capital’s commitment to launching an advanced brokerage platform utilizing cutting-edge technologies to provide top-tier services to its clients.
Saudi Exchange welcomed Musharaka Capital as a new member in a ceremony held on Thursday, attended by Ibrahim Al-Assaf, CEO of Musharaka Capital, and Mohammed Al-Rumaih, CEO of Saudi Exchange.
As a market member, Musharaka Capital will enable clients to trade in the largest financial market in the Gulf region. Additionally, the company will offer financial advisory services, including IPO offerings, private placements, mergers & acquisitions, strategic debt advisory, and asset management.
On this occasion, Ibrahim Al-Assaf, CEO of Musharaka Capital, stated:
“Joining Saudi Exchange as a market member is a significant milestone in our company’s history. This step provides an ideal opportunity to contribute effectively to the advancement of the Saudi financial market. As a member, we remain committed to our investment principles while enhancing our clients’ access to attractive investment opportunities. At the same time, we are prepared to take on additional responsibilities as a specialized financial advisor in public and private transactions.”
Mohammed Al-Rumaih, CEO of Saudi Exchange, added:
“We are pleased to welcome Musharaka Capital as a new market member in Saudi Exchange. This milestone represents an important addition that supports our efforts to develop a more transparent and diverse financial market. It further reinforces our commitment to enhancing the financial market environment in alignment with the objectives of the Financial Sector Development Program under Saudi Vision 2030.”