Type LLC Website www.hsbcsaudi.com Number of employees 300 Parent organization SABB Securities Limited | Founded 2005 | |
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Products Investment BankingIslamic FinanceAsset ManagementCapital Markets | ||
HSBC Saudi Arabia Limited is a joint venture between The Saudi British Bank (SABB) and HSBC, 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).
It is the first full-service, independent investment bank to be established in the Kingdom of Saudi Arabia 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. The bank is a component on the Tadawul Exchange.
References
HSBC Saudi Arabia Wikipedia(Text) CC BY-SA