Emirates NBD Capital KSA, the investment banking subsidiary of Emirates NBD based in Saudi Arabia, has obtained regulatory approval from the Capital Market Authority (CMA) to offer and manage investments in securities. The CMA granted the approval on 2 June 2024.
This licence enables the firm to conduct various investment services including dealing, managing, and advising on securities, as well as handling investment funds and offering custody services. The approval marks a significant step in the group’s regional growth strategy.
The CMA’s authorisation aligns with its objective to enhance the financial sector by encouraging competition, diversifying services, and attracting more regional and global players to the Saudi market. This move supports the goals of Vision 2030 to expand and modernise the Kingdom’s capital markets.
Emirates NBD Capital KSA’s expansion complements the broader ambitions of Emirates NBD Group to deepen its presence in key GCC markets. The firm is expected to offer a comprehensive suite of services tailored to both institutional and retail clients across the Kingdom.
