RIYADH -- 01 March 2015 : BLOMINVEST Saudi Arabia, an investment company specialized in asset management, financial advisory services and private equity investments licensed by the Saudi Capital Market Authority, has recorded a SR36 million net profit in fiscal year that ended in December 31, 2014, or an increase of 16% compared to the same period in 2013.

In a statement released recently, Engineer Abdullah Al Rashoud, CEO of BLOMINVEST Saudi Arabia, said: "These results are certainly attributed to increasing the assets under management, reducing costs, restructuring some departments and focusing on profitable activities."

Al Rashoud noted that the value of company projects had increased to over SR7 billion in 2014 from nearly SR3 billion in 2013. He also disclosed that in the course of the current year, the company is scheduled to establish five new investment funds with a total value of more than SR3 billion. 

BLOMINVEST Saudi Arabia provides a broad range of diversified financial services including initial public offerings to raise capital, issuing shares, bonds and sukuk and listing them in the stock market, mergers and acquisitions, financing, managing investment and real estate investment funds through public or private offerings. Moreover, the company offers investment products structuring aside from wealth management and other investment and consultancy services.  BLOMINVEST also conducts financial intermediation in international and regional markets besides various studies and researches.

BLOMINVEST Saudi Arabia was established in 2008 with a capital of SR100 million, which was then increased to SR145 million last year.

© Press Release 2015