Author: 
Mehmood Rafique, Arab News
Publication Date: 
Thu, 2007-08-23 03:00

MANAMA, 23 August 2007 — Bahrain-based Capital Management House (CMH) on Monday announced the investment of SR10 million in Dar Al-Arbah, an investment banking company in the Kingdom of Saudi Arabia.

The Chairman of CMH Khalid A. Al-Bassam confirmed the investment in Dar Al-Arbah, saying that that CMH would continue to work closely with Dar Al-Arbah in the area of corporate finance, real estate, mergers and acquisitions, private equity and other capital market activities.

The Capital Market Authority in Saudi Arabia granted Dar Al-Arbah full fledged investment banking license which includes, asset management, custody, dealing, advisory services and capital market activities.

Dar Al-Arbah is capitalized at SR220 million. Khalid M. Najibi, managing director of CMH, is a board member of the newly licensed organization. CMH is a category 1 licensed investment banking company based in Bahrain.

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