AlKhair Capital Saudi has opened an office at the Dubai International Financial Centre (DIFC), following approval from the Dubai Financial Services Authority (DFSA) for a Category 4 licence.

The licence allows AlKhair Capital Saudi to operate as an authorised entity from the DFSA, making it the first Saudi investment institution registered and licensed by the Capital Market Authority in Saudi Arabia to get a licence to operate in the DIFC.

The new branch will help to expand AlKhair existing services to corporate and institutions offering a unique set of advisory and execution services to its clients.

“We are delighted to be basing ourselves at DIFC to launch our operations in the UAE and beyond regionally, and we look forward to delivering our clients a full range of investment banking services and advisory services,” said Yousef Al-Shelash, chairman of AlKhair Capital Saudi.

“Bank AlKhair has been operating for more than 10 years and we intend to strengthen our presence and capabilities to best serve our clients with an expanded range of products and services.” - TradeArabia News Service