On May 15, 2006, the Capital Market Authority (CMA) of the Saudi Arabia approved the license application of Bank Audi sal to launch Audi Capital (previously Audi Saudi Arabia) to provide a complete range of investment services. Audi Capital is 99.99% owned by Bank Audi sal Lebanon and is incorporated as a closed joint stock company.
Audi Capital (License No. 06017-37), headquartered in Riyadh, offers Saudi corporate and individual clients premium Investment Banking, Private Banking, Asset Management, Brokerage and Private Equity services, matching best international practices with a regional perspective. Audi Capital intends to capitalize on the regionalization trend, whilst focusing on shareholders’ value, improving regulation, consolidation, diversification and increasing liquidity characterizing Saudi markets:
- Private Banking.
- Asset Management.
- Investment Banking.
- Custody and Clearing.