RIYADH: Invescore and STJ Advisors have entered into a strategic alliance to provide capital markets advisory services in Saudi Arabia and Bahrain. In a joint statement, the two companies said the partnership will combine STJ Advisors’ independent capital markets capabilities with Invescore’s strategic advisory services and market penetration, to provide governments and corporate clients in Saudi Arabia and Bahrain with capital markets solutions.

Mubarak Al-Khafrah, chairman of Invescore, said Invescore’s understanding of local market needs and requirements in Saudi Arabia and Bahrain, as well as its strong relationships and deep access, provides STJ Advisors with the perfect platform to deliver best-in-class capital markets advisory services to local clients.

“We are especially proud to support the vision of our country’s leadership, doing our utmost to provide businesses and governments with the highest level of advice and access to international investors and sources of capital,” Al-Khafrah added.

Francesco Costanzo, CEO of Invescore, said: “The Invescore-STJ Advisors alliance shows Invescore’s commitment to forming long-term exclusive alliances with leading sector specialist partners. Our ability to design and structure strategic alliances that can successfully perform for the benefit of our clients makes Invescore the partner of choice for those entities who want to expand their businesses into Saudi Arabia, Bahrain and other GCC countries.”

David Jennison, co-founder and vice chairman of STJ Advisors, said: “We see tremendous opportunities to bring to bear the tools and techniques STJ has pioneered successfully advising governments, corporations and financial sponsors around the world for the benefit of issuers and shareholders in Saudi Arabia, Bahrain and across the region.”

He added: “One of the keys to success is relationships and we feel very fortunate to have formed an alliance with Invescore, a partner that shares our vision of how to add value to our clients.”

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