GIB Financial Services (GIBFS), the investment banking arm of Gulf International Bank (GIB) in Saudi Arabia, has rebranded its name to “GIB Capital.”

The name change will be effective immediately, the company said.

The rebranding comes as part of the company’s efforts to further strengthen its presence in the regional capital markets. The new name reinforces GIB Capital’s continued focus on its core business activities of investment banking and capital market transactions, it said.

“We are confident the new name, “GIB Capital,” will position the company better for future growth in the capital markets business in the Kingdom and the GCC as a whole,” said Dr Yahya Alyahya, GIB’s chief executive officer. – TradeArabia News Service