HsbCsAUdi.com
About HsbCsAUdi.com
The Saudi Arabian Capital Market Authority (CMA), the regulator of the stocks exchange and capital markets, has given its approval to HSBC and SABB to establish the first full-service, independent investment bank in the kingdom of Saudi Arabia licensed under the new Capital Market Law. HSBC, through a wholly -owned subsidiary, holds 60 per cent of the equity in the new company and SABB, in which HSBC has a 40 per cent shareholding, will hold the remaining 40 per cent.
