Leading banking and merchant group The National Investor (TNI) recently announced the incorporation of The National Investor Saudi Arabia (TNI-KSA).

The official incorporation of TNI-KSA with the Ministry of Commerce and Industry (MoCI) of Saudi Arabia has marked TNI’s first expansion outside the UAE.

TNI-KSA is licensed by the Capital Market Authority for all five securities businesses - advising, arranging, managing, custody, and dealing (except for dealing as agent). These licenses provide the firm access to the largest GCC economy, while also expanding its reach to solidify TNI’s position as a leading regional investment bank.

TNI signed a partnership agreement with Al Rajhi Investment Group in Saudi Arabia in 2007 and received a license from the CMA to provide financial services there in April 2008. The official letter of commencement from the CMA is expected by the end of March 2009, according to a statement. - TradeArabia News Service