MANAMA, 23 August 2007 -- Bahrain based Capital Management House (CMH) on Monday announced the investment of SR10 million in Dar Al-Arbah, an investment banking company in the Kingdom of Saudi Arabia.
The Chairman of CMH Khalid A. Al-Bassam confirmed the investment in Dar Al-Arbah, saying that that CMH would continue to work closely with Dar Al-Arbah in the area of corporate finance, real estate, mergers and acquisitions, private equity and other capital market activities.
The Capital Market Authority in Saudi Arabia granted Dar Al-Arbah full fledged investment banking license which includes, asset management, custody, dealing, advisory services and capital market activities.
Dar Al-Arbah is capitalized at SR220 million. Khalid M. Najibi, managing director of CMH, is a board member of the newly licensed organization. CMH is a category 1 licensed investment banking company based in Bahrain.
By Mehmood Rafique
© Arab News 2007
