HSBC Saudi Arabia

HSBC Saudi Arabia Limited is a joint venture between The Saudi British Bank (SABB) and HSBC Holdings plc,[2] established in 2005, as a limited liability company headquartered in Riyadh, Saudi Arabia with a share capital of SAR 50 million (US$13.33 million).

[3] It is the first full-service, independent investment bank to be established in the Kingdom of Saudi Arabia,[4] and serves as HSBC’s investment banking arm in the Kingdom.

The bank provide services in corporate finance, asset management, equity brokerage and security.

[1] The bank is a component on the Tadawul Exchange.

[5] HSBC Holdings of Britain held 49% stake in the joint venture with SABB holding 51% until October 2019 when HSBC Group acquired shares from SABB to become the major shareholder with 51% stake.