Khalijia Invest announces the launch of its operations as a Shari’ah compliant investment company

Khalijia Invest announces the launch of its operations and commencement of activities as a Shari’ah compliant investment company under a license from the Capital Market Authority in Saudi Arabia.
By: Khalijia Invest
 
Dec. 16, 2009 - PRLog -- Riyadh – Kingdom of Saudi Arabia, December 15th 2009:  Khalijia Invest announced the commencement of its operations, under the five licenses awarded by the Saudi Capital Market Authority. As one of the recently established investment companies in the region, Khalijia Invest specializes in Corporate Finance, Asset Management and Investment Advisory, operating in compliance with Shari’ah guidelines.  
The announcement of Khalijia Invest was made at a ceremony held at the Four Seasons Hotel in Riyadh, hosted by the Chairman of the Board of Khalijia Invest His Highness Prince Sultan Bin Mohammed Bin Saud Al Kabeer, and attended by the Board Members Messrs. Assaad Al Banwan, Hamad Al Ameeri, Bader Al Zahrani, Saleh Al Shebel, Mohamed Abunayyan, and Jamal Al Barrak. The ceremony was also attended by a number of prominent business men, and banking professionals.
Khalijia Invest, headquartered in Riyadh, was established as a closed joint stocks Company with an Authorized capital of SR 400 Million, by a group of prominent Saudi Business Men and some regional financial institutions, namely the National Investment Company of Kuwait (NIC) and Gulf Bank of Kuwait.  The company conducts its activities in accordance with the Saudi Capital Market Authority issued licenses, which are: Dealing (as a Principal and as an Agent) and Underwriting, Managing, Arranging, Advisory and Custody.
Also, in launching its corporate slogan, “Big opportunities in the small details“, Khalijia Invest differentiates itself as a company with ambitious investment plans evolving around creating unique investment opportunities in local and regional vibrant sectors of the economy.
In his speech at the ceremony, the CEO of Khalijia Invest, Mr. Muneer Al Shehri stated that the strong belief in the Saudi economy constitutes a fundamental pillar in Khalijia Invest success. The company will strive to introduce a new investment concept based on realistic expectations, supported by thorough detailed analysis and research of the markets and investors needs in order to meet the Gulf investors' expectations.  
Mr. Muneer Al Shehri elaborated further that restoring the investor's confidence is a strategic objective for our business, especially after the impact that the global economic and financial crisis has had on investors.  The resultant turmoil has created new opportunities for the emergence of new investment banking firms which are untainted by root causes of the financial crisis; this creates new opportunities for the development of local firms operating to international standards such as Khalijia Invest.
With regard to its adherence to Shari’ah guidelines Mr. Muneer Al Shehri explained that the mandate of Khalijia Invest’s Shari’ah Supervisor Board is to oversee all the business activities of the Company.  The Shari’ah Supervisory Board is composed of the following Scholars:
-   Shaikh Dr. Mohamed El Gari (Chairman)
-   Shaikh Dr. Nizam Yaqoubi
-   Shaikh  Lahem AlNasir
Moreover, Mr. Muneer Al Shehri stated that Khalijia Invest will primarily focus on Shari'ah compliant Corporate Finance and Investment Funds which are in line with the strategies set up by the Firm's Board of Directors and the Executive Committee. Based on these strategies, Khalijia Invest will determine and seize the opportunities existing in the main economic sectors within Saudi Arabia, such as Infrastructure , Petrochemical, Power, Construction, Logistics and Healthcare.
Mr. Muneer Al Shehri declared that, during the first half of 2010, Khalijia Invest will launch four (4) Shari’ah Complaint Investment Funds whose details will be announced in the near future.
At the end of his speech, Mr. Al Shehri thanked the Board of director for their continuous support and thanked the attendees for their participations in this important event in the life of the Company.
Earlier, at the press conference, the slogan of Khalijia Invest was revealed, and the commencement of its advertising and marketing campaign was announced./

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Source:Khalijia Invest
Email:***@khalijiainvest.com Email Verified
Industry:Investment, Banking
Location:Riyadh - Central - Saudi Arabia
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