Riyadh - Sharikat Mubasher: Saudi Arabia’s Ministry of Investment (MISA) granted a regional headquarters (RHQ) license to HSBC to provide Capital Markets and Advisory activities in Saudi Arabia.

The new licensed entity, named HSBC Capital RHQ, will enable HSBC to strengthen its position as the region’s leading investment bank, supporting both international clients and domestic growth, according to a recent official statement.

The RHQ follows HSBC’s decision earlier this year to base its investment banking leadership across the UAE and Saudi Arabia, for the first time.

Faris AlGhannam, CEO of HSBC Capital RHQ, commented: “Since its establishment in 2005, HSBC Saudi Arabia has supported its customers across the Kingdom to grow domestically and overseas as the leading international investment bank in the region. With the formation of our Capital Markets and Advisory Regional HQ, we will be at the forefront in contributing to achieve the ambitious economic transformation aspirations for the Kingdom and the region.”

Moreover, this move positions HSBC to be even better placed to partner its clients as they grow domestically and internationally.