Doha – Mubasher: QInvest, Qatar’s leading investment bank, said Monday that it has signed a strategic distribution agreement with Maceen Capital, a Saudi joint stock investment company, to work in collaboration to better service investors in Saudi Arabia.
The agreement will allow the Saudi company’s existing clients as well as new qualified investors direct access to QInvest’s asset management and advisory platform offering them the opportunity to participate in funds and investment deals available in Qatar and international markets, according to a statement.
“This agreement represents a positive step towards achieving our goal to reach and serve qualified investors in the Saudi market in a structured and convenient approach that meets their diverse investment needs and in collaboration with institutions we trust,” said Tamim Al Kawari, Chief Executive Officer at QInvest.
Badr Al-Hammad, Chairman of the Board in Maceen Capital, said, “This agreement strengthens the existing co-operation between the two firms by enabling ease of access to a range of investment products for which we see increasing demand in the Saudi market. Maceen Capital’s high-ranking position among financial companies in Saudi Arabia ensures that it can provide its investors with matchless opportunities”.
