Aug 15 2011 |
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GIB Capital upbeat on growth
JEDDAH: GIB Financial Services (GIBFS), the investment banking arm of the Gulf International Bank ( GIB ) in Saudi Arabia, has rebranded its name to GIB Capital.
"We are confident the new name, GIB Capital, will position the company better for future growth in the capital markets business in the Kingdom and the GCC as a whole," said GIB Chief Executive Officer Yahya Alyahya.
GIB Capital was established in 2008 as a fully-owned subsidiary of GIB to carry out investment banking activities within Saudi Arabia and is duly authorized by the CMA.
GIB and GIB Capital have an established track record of advising on a number of successful IPOs in Saudi Arabia.
To date, they have introduced offerings to the Kingdom's capital market in excess of SR19 billion.
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