HSBC Bank

HSBC Bank’s Saudi investment banking entity, HSBC Saudi Arabia, is a Saudi closed joint stock company headquartered in Riyadh. It was established as the first full-service, independent investment bank in the Kingdom of Saudi Arabia licensed under the Capital Market Law.

Establishment

HSBC ASIA HOLDINGS B.V and Saudi Awwal Bank (SAB) formed a joint venture to establish HSBC Saudi Arabia.

Licensing & Operations

• Capital Market Authority (CMA) license date: 19/11/2005, corresponding to 17/10/1426 AH.
• Operations commenced: 27/10/2007, corresponding to 15/10/1428 AH.

Paid-up Capital

HSBC Saudi Arabia has paid-up capital of SAR 500,000,000.