AlKhair Capital Saudi Arabia, the leading Saudi-based investments institution, has announced the opening of its branch at the Dubai International Financial Centre [DIFC] during a Gala Dinner held at Jumeirah Emirates Towers on Thursday 1st of May. The ceremony was attended by more than 100 people, including dignitaries, elected officials, in addition to AlKhair Capital Chairman, Yousef Al-Shelash and the company’s CEO, Mr Khaled Al Mulhim, board members, executives from the banking sectors and last but not least, media from the United Arab Emirates.
The Gala dinner celebrated the opening of the new branch which followed the official approval and licence from the Dubai Financial Services Authority [DFSA] allowing AlKhair Capital to operate as an authorized entity in DIFC. This step reflects AlKhair Capital’s commitment to offering the best services and experiences to its customers within the investment sectors in the region.
The Dubai entity, AlKhair Capital [Dubai] Limited, became the first Saudi investment company registered and regulated by the Capital Market Authority in Saudi Arabia to receive a DFSA license to operate in DIFC.
The evening included a keynote speech from Mr. Yousef Al- Shelash in which he said: “The approval from the Dubai Financial Services Authority and our new branch at DIFC is a major step forward in our growth strategy across the region, and we are extremely delighted to extend our capabilities in financial and investments services to clients in the UAE. Over the years, we have differentiated our service offerings and we are glad to bring our expertise and industry knowledge to DIFC, in line with our envisioned future.”
Al Shelash added: “As a company, we have analyzed the market needs and evolution of Dubai as a hub for Islamic finance, which is our forte. The burgeoning demand for Sukuk instruments is an encouraging sign of the market demand and potential in the coming years. We are confident that AlKhair will be able to add value to the industry as a whole with our presence in Dubai.”
Al Shelash emphasized the importance of the support that they received from all of the leaders in Saudi Arabia and the United Arab Emirates for the development of intra-regional trade under the umbrella of the Gulf Cooperation Council (GCC).
AlKhair Capital Saudi Arabia, which commenced operations in the KSA in 2009, seeks to provide the market with an integrated and comprehensive range of Sharia-compliant investment products and services, with an emphasis on delivering exceptional value and tailored solutions to clients and shareholders.
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