Unicorn Capital Saudi Arabia, majority-owned by Bahrain-based Unicorn Investment Bank (Unicorn), has received an approval from Saudi Arabia’s Capital Market Authority (CMA) to commence operations in the Kingdom. Unicorn Capital Saudi Arabia will provide the Saudi market with an integrated and Islamic investment products and services, supported by Unicorn, an Islamic investment bank.
Sheikh Yousef Al-Shelash, chairman of Unicorn Capital Saudi Arabia and Unicorn investment bank, said: “This strategic development, which comes under the wise leadership of the custodian of the two holy Mosques King Abdullah Bin Abdulaziz Al Saud, is an important milestone for Unicorn Investment Bank and a key element in our strategy to build a diversified financial services group.”
Majid Al Sayed Bader Al-Refai, managing director and CEO of Unicorn Investment Bank and vice chairman of Unicorn Capital Saudi Arabia, said: “Saudi Arabia is a regional economic leader with excellent growth prospects, and our presence in the Kingdom demonstrates our long-term commitment to further serving this important market. Going forward, we will be working closely with our principal shareholders to develop this valuable franchise under the leadership and guidance of our chairman, the board of directors and the senior management team of Unicorn Capital Saudi Arabia.”
“Unicorn’s full-service approach means that we are able to service our clients on both sides of the balance sheet, providing not only investment opportunities, but also assistance in obtaining funding through the debt and equity capital markets. This dual role is an integral part of our commitment to being a long-term partner and trusted advisor to our clients,” he added.
