QInvest, a leading investment bank in Qatar, and Maceen Capital, a Saudi joint stock investment company, have signed a strategic distribution agreement to work in collaboration to better service investors in Saudi Arabia.

The agreement will allow Maceen’s existing clients as well as new qualified investors direct access to QInvest’s asset management and advisory platform offering them the opportunity to participate in funds and investment deals available in Qatar and international markets.

Tamim Al Kawari, chief executive officer at QInvest, said: “This agreement represents a positive step towards achieving our goal to reach and serve qualified investors in the Saudi market in a structured and convenient approach that meets their diverse investment needs and in collaboration with institutions we trust.”

Badr Al-Hammad, chairman of the Board in Maceen Capital, said: “This agreement strengthens the existing co-operation between the two firms by enabling ease of access to a range of investment products for which we see increasing demand in the Saudi market. Maceen Capital’s high-ranking position among financial companies in Saudi Arabia ensures that it can provide its investors with matchless opportunities.” – TradeArabia News Service