HSBC Saudi Arabia Mutual Fund
HSBC Saudi Arabia is among the Kingdom of Saudi Arabia's top asset managers. It has a long history of handling assets in the nation, having established the first mutual fund in the early 1990s. At HSBC, they believe that the future of investing resides in their capacity to customize solutions to the customers' requirements. Their corporate structure guarantees that they have the expertise, skills, and capabilities to fulfill clients' requirements locally while embracing HSBC's strong reputation and size.
HSBC Saudi Arabia was founded in Riyadh as a Saudi closed joint stock corporation. HSBC ASIA HOLDINGS B.V. and SABB entered into a joint venture to create HSBC Saudi Arabia, the region's sole comprehensive, autonomous investment bank regulated under the Capital Market Law.
The bank received the CMA license on 19th November 2005 and came into operation on 27th October 2007. HSBC's objective is to be the finest supplier of investment banking and capital market services in the Kingdom. They concentrate on client demands and ensure the success of their vision, consequently generating long-term economic value for all stakeholders.
As a global leader in significant capital market categories, they aim to be where the opportunity is, linking consumers to prospects. They help companies grow by assisting their clients in realizing their goals. Moreover, they thrive on building great connections with all their stakeholders, comprising consumers, staff, and the community in which they work.
This investment bank has a distinct position as the top capital market services provider in the Kingdom of Saudi Arabia. They provide their clients with unparalleled scope and depth of knowledge and know-how derived from local and worldwide quality standards, provided through digitized and customized service influenced by consumer demand. Their employees regard them as the most acceptable place to do business in Saudi Arabia, with unequaled access to worldwide best practices and the most advanced work conditions in line with the region's progression.
The organization's primary activities are offering a wide range of capital market products and services comprising investment banking advisory, syndicated finance advisory, debt capital markets, custody and funds securities services, and trustee services. It also handles mutual funds and individual accounts. It offers brokerage services, such as margin borrowing traditional and Shariah-compliant overdraft facilities, to clients who want to deal in the financial market.
Large corporations, financial firms, non-bank investment firms, and consumers are among the clientele served by the business. HSBC's operational revenue is generated by actions in the Kingdom of Saudi Arabia, and the bank has no offices, affiliates, or partners created or operating outside the region.