Riyadh - Mubasher: Standard Chartered has received approval from the Capital Market Authority (CMA) for its subsidiary, Standard Chartered Capital Saudi Arabia, to conduct investment management and fund operations activities in the Kingdom, according to a press release.
The approval marks a significant expansion of the bank’s onshore capabilities, enabling it to offer a broader range of investment management and fund services to institutional clients within Saudi Arabia. It further strengthens Standard Chartered’s regional platform and broadens its capacity to connect institutional clients with investment opportunities across international markets.
The CEO and Head of Capital Markets at Standard Chartered Capital Saudi Arabia, Sarah Al Khelaiwi, comemnted: “The CMA approval marks an important milestone in Standard Chartered’s continued expansion in Saudi Arabia and reflects our long-term commitment to supporting the Kingdom’s evolving financial sector.”
“Saudi Arabia’s financial market is becoming increasingly institutional, sophisticated, and internationally connected. As investor participation broadens and investment activity becomes more complex and cross-border in nature, the expansion of our fund services capabilities strengthens our ability to support clients across a wider range of institutional investment needs,” Al Khelaiwi added.
The Saudi financial markets have witnessed growing inflows of domestic and international institutional capital in recent years, supported by ongoing market reforms, a deepening investor base, and the continued development of the Kingdom’s capital markets ecosystem.
The CMA approval aligns with Standard Chartered’s broader strategy to expand its institutional and investment banking capabilities across key growth markets while reinforcing its commitment to supporting Saudi 2030 objectives.
