Saudi Arabia Banking News

Khalijia Invest announces the launch of its operations and commencement of activities as a Shari’ah compliant investment company under a license from the Capital Market Authority in Saudi Arabia.

Bank AlBilad has appointed ABANA Enterprises Group Co. replace their existing teller currency counting machines with Magner 75 Plus, which offers advanced technology for accurate and high-speed currency counting and reliable counterfeit detection.

Due to recent partnerships and sponsorships the organizers of the Islamic Finance Reality and Outlook seminar have been able to drop the prices for the seminar registration.

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Alwashem Economic Consulting Services, Kuwait, in co-ordination with the Malomaty company – Riyadh is organizing an Islamic Finance Seminar to be held from September 26 – 30, 2009 in Bali, Indonesia.

Arbah Capital has announced a new ownership agreement with Financia, a Bahrain based investment house.

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On Saturday July 20th, Arbah Global Gulf (a subsidiary of Arbah Capital), along with six companies from China and South Korea, signed a Shareholders Agreement heralding in the creation of Arbah Capital Asia.

Awali Real Estate Investments, one of the Gulf’s leading real estate investment firms, recently celebrated the launch of Arbah Capital’s corporate headquarters in Saudi Arabia.