AlKhair Capital Saudi has launched its new office at the Dubai International Financial Centre (DIFC) after getting permission from the Dubai Financial Services Authority (DFSA).
DFSA granted a Category 4 license to AlKhair Capital Saudi, which enables the company to operate as an authorized entity.
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The company believes that the new branch will enable it to boost its existing services to corporate and institutions offering a unique set of advisory and execution services to its clients.
AlKhair Capital Saudi chairman Yousef Al-Shelash said that the company is pleased to be basing itself at DIFC to launch its operations in the UAE and beyond regionally.
"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," Al-Shelash added.
AlKhair Capital Saudi CEO commented, "This step is taken after a detailed study of the market needs and the position of Dubai as a regional Islamic finance hub; in addition to the current projects in the pipeline that will have a significant demand on the Sukuk market."
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By GlobalDataIn August 2009, Alkhair Capital Saudi launched operations in Saudi Arabia and offers a comprehensive range of Shari’ah compliant investment products and services.
