Alkhair Capital, a leading Saudi sharia-compliant financial institute, has announced that it has shifted its base to King Abdullah Financial District (KAFD).
Alkhair Capital, which was established at Riyadh in 2009, now has around SR10 billion ($2.6 billion) assets under management. It holds a fully-fledged licence to provide investment products and sharia-compliant financial services.
Standing in front of the new office, Alkhair Capital Managing Director and CEO Khalid Al Mulhim, said: "Our new offices place us firmly in the centre of the kingdom’s economic future. KAFD is becoming an increasingly important financial hub in what is the Middle East region’s only G-20 economy."
A CMA-authorised financial institute, it has extensive experience in asset management, advisory services and private equity across regional and international markets, he added.-TradeArabia News Service