Amman. Awraq Investments, one of Jordan's fastest growing investment firms, announced yesterday July 25th the launch of its Amman-based operations at it's Grand Opening that took place at Four Seasons Hotel Amman. Attended the launch a large number of dignitaries, bankers, financial professionals and businessmen. Also a number of international financial institutions who share investment relationships with Cairo Amman Bank and Awraq Investments including Morgan Stanley London, ABN Amro London, HSBC Dubai, HVB Hypoverensick Bank Germany and IFAX London.
The company also announced the formation of its board of directors, led by Mr. Khaled Sabih Masri, chairman of Awraq Investments (chairman of Cairo Amman Bank), as well as Ms. Alida Orfali deputy chairman of Awraq Investments, Mr. Nashat Masri, Mr. Ghassan Akeel, , Mr. Nizar Mohammed and Dr. Waleed Al-Nassan board member and CEO.
Awraq Investments, which was established in 1992, is one of the pioneer brokerage companies in the country's capital markets sector. It continuously offered its brokerage services to clients throughout the 1990(s) . Most recently , the company expanded its scope of work to offer asset management services covering the areas of portfolio management, fund management as well as financial and investment advisory services . The asset management team will strive to offer best in class investment products and services to Awraq's clients in the local , regional and international markets and across all major asset classes.
Mr. Khaled Al Masri Chairman of Awraq Investments, said: "Being the Investment arm of Cairo Amman Bank, Awraq Investments, will provide various investment solutions to clients utilizing the banks network of branches around Jordan." Also on a different note Mr. Masri added " Awraq, being Cairo Amman Bank's investment manager, will be able to utilize the bank's credit lines with many international financial institutions, which will enable Awraq to also provide its potential clients with fixed income portfolio management services".
Dr. Waleed Al-Nassan CEO of Awraq, said: "Today represents an important milestone for Awraq Investments as we spread our services in Jordan, the regional markets and in all key financial centers of the world.. In our endeavor to maximize delivery of investment value to our investor base, Awraq has equipped itself with the best professional caliber, sophisticated IT platforms as well as management processes and techniques that are best in the market place today".
He added: "AWRAQ has broadened its services to meet the increasingly sophisticated needs of an expanding client base. As a regional and global investment partner, we offer "Comprehensive Investment Services," for our clients in an innovative approach and with the potential for value creation throughout this business partnership".
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© Press Release 2006
