Abu Dhabi First Establishes Investment Banking Company in Saudi Arabia

Media In – Abu Dhabi 6 February 2018 WAM
Abu Dhabi First Investment Company (ADIH), the first Abu Dhabi Investment Company, to offer regulatory and advisory services to the Kingdom, has been granted a license from the Capital Market Authority of Saudi Arabia.
The company, which is wholly owned by Abu Dhabi First Bank, will provide advisory services across Saudi Arabia to all companies and institutions wishing to enter international markets, which will enable ADB to consolidate its regional standing to grow together.
Mr. Abdul Hamid Saeed, Chief Executive Officer of Abu Dhabi First Group, said: “The establishment of this company is a milestone in Abu Dhabi’s First Group and Corporate and Investment Banking Group. This will enhance the Bank’s ability to benefit from one of the largest economies and financial markets in the MENA region.