The link will allow eligible international investors to hold Saudi fixed-income securities and ETFs via a foreign nominee omnibus account structure for the first time
Tag: Middle East
The joint servicing model between BNP Paribas and Riyad Capital is the first of its kind in the Kingdom and the region, according to the two firms.
Global custody banks have expanded their services in the region in order to capitalise on the opening up of Saudi Arabia’s securities markets to foreign investors.
The enhancement provides more granular insights into the factors that drive performance for clients with Middle East mandates.
The license follows FAB’s recent agreement to acquire Bank Audi Egypt, which included its local custody business.
FAB stated Oman is a key part of the bank’s regional direct custody platform for seven Middle Eastern markets.
New offices set up by fund services provider after enormous growth sees its assets in MENA hit $125 billion.
Frontera will utilise Apex’s single-source solution with a unified point of contact across all aspects and operational demands of the fund.
Apex Group will provide investor reporting, accounting, corporate and compliance services for the LCP II fund.
Fund administrator continues to expand its business in the Middle East after recent acquisitions and mandate wins.