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Article: Rasmala awarded approval by the Saudi Capital Market Authority to establish a Saudi subsidiary.(Rasmala Investments)(Brief article)
- Article from:
- Middle East
- Article date:
- September 10, 2006
CopyrightCOPYRIGHT 2006 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Rasmala Investments, a leading regional Investment Bank, based in the Dubai International Financial Center, announced today that it has been awarded a license, by the Saudi capital markets authority, to establish a wholly owned subsidiary, Rasmala Investments (Saudi Arabia) Ltd., to be based in Riyadh.
Commenting on this development, Mr. Ali Samir al Shihabi, Founder and CEO of Rasmala, said: "Saudi Arabia is the largest and most important financial market in the region. The establishment of Rasmala Investments (Saudi Arabia) Ltd. is an important step in the growth and development of Rasmala.
Rasmala's Saudi subsidiary will allow the company to ...