AlKhair Capital opens its first branch in Jeddah

AlKhair Capital has opened its first branch in Jeddah, and the second in Saudi Arabia, according to an official statement.

“The new opening comes in line with our expansionary strategy, and efforts to facilitate all services for clients,” Khalid Al Melhem, MD of AlKhair Capital, said.

“Jeddah is a highly-populated economic hub which will help investors benefit from the company’s Sharia-compliant products and services,” he added.

Riyadh-based AlKhair Capital Saudi Arabia was established in 2009 as a closed joint stock company, with a paidup capital of SAR 300 million. It is licensed by the Capital Market Authority (CMA) to execute transactions and offer investment fund management, client portfolios, arrangement and advisory services.