The deal compliments CI Capital’s expansion strategy in the region
CI Capital, the leading diversified financial services group, announced today that it has entered
into an agreement with Al Rajhi Capital (ARC), the fully-owned investment banking subsidiary of
Al Rajhi Bank and leading brokerage house in the Kingdom of Saudi Arabia “KSA”, that provides
access to the Saudi equity capital market to CI Capital’s client base. The agreement is aligned
with CI Capital’s ongoing and ambitious plan to conclude bilateral agreements with key financial
institutions that will help create a solid regional platform that delivers integrated and effective
solutions to all our clients. The new partnership will leverage both firm’s growing reach and the
breadth of their offerings in both the Saudi & Egyptian equity markets.
As Saudi Arabia implements a comprehensive plan for national transformation, laid out in Vision
2030, international investors are showing increased interest in the Kingdom. As the leading
capital market player in Saudi Arabia, ARC is keen on facilitating investor access to equity
markets, both directly and through partnerships with other leading firms. ARC believe that the
launch of this partnership with CI capital will pave the way and allow sophisticated global
institutional clients access to unparalleled service with a unique local perspective in both markets
in a timely fashion.
Karim Khadr, Managing Director, CI Capital’s Head of Brokerage, noted “the partnership is not
only a key milestone in our brokerage regional expansion strategy but more importantly serves as
a vital entry point for our clients to KSA, the Middle East’s largest exchange. Saudi Arabia
represents 40.7 per cent of total MENA markets market capitalization and maintains its ambitious
plans to upgrade its markets infrastructure and open up its stock market to foreign investors.”
Our presence in both markets offers a comprehensive brokerage execution service and
compelling opportunities across diverse industries. Karim Khadr, added that “The partnership
offers access & execution opportunities for our institutional clients and capitalises on our ability to
deliver fully integrated and streamlined solutions.”
Both firms are among the MENA region’s largest brokerage houses and have a proven track
record of structuring and executing large, complex transactions. ARC is ranked number 1 and
was the most active brokerage firm with the largest market share throughout 2016 and thus far
in 2017 with ~19% market share. ARC combines the strength and resources of its global
presence with best-in-class investment advice, mutual funds and product portfolios. Operating
regionally from 20 offices across the KSA, and with over 250 investment professionals, ARC is
uniquely positioned to provide its client base with seasoned advice based on global experience
and regional expertise.
CI Capital’s Brokerage division is one of Egypt’s leading brokerage houses and currently ranked
#2, with an overall market share of ~11% and more than a 30% share of all institutional trading
on the Egyptian Stock Exchange as of 2016. CI Capital offers its clients strong reach and
placement power through diverse channels, with a distinctive ability to manage and execute,
large and complex transactions.
