Mr. Eisa M. Al Eisa, the Managing Director and Chief Executive Officer of Samba Financial Group, announced that Samba Capital & Investment Management Company (Sambacapital), a wholly owned subsidiary of Samba Financial Group with a capital of SR 500 million, will start operations as of Tuesday 22 Thul-Hijjah 1428H, corresponding to 1 January 2008. Sambacapital provides services in brokerage, asset management, investment and financial consultation.
Al Eisa commented on this occasion: “Sambacapital was incorporated to comply with the recent resolution of the Capital Market Authority that requires all banks to split their banking and commercial services from securities operations. We, at Samba, took the initiative to respond to this new regulation which stems from our belief that this will enhance the performance of the capital market by increasing the number of financial brokerage, asset management and investment companies, which will support