Kenanga Investment Bank Berhad (“KIBB”) together with its strategic partners in the Kingdom of Saudi Arabia (“KSA”) established an outfit to participate in the KSA’s capital market and investment banking activities through the incorporation of Alwasatah Almaliah Co. (“Alwasatah”). Besides being the single largest shareholder of Alwasatah, KIBB is also the technical partner. Currently, Alwasatah is based in Riyadh, capital of the KSA.
Incorporated in December 2007, Alwasatah obtained advisory, arranging, custody, managing, dealing as principal and underwriting licenses from the Capital Market Authority of the KSA.
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