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| Company type | LLC |
|---|---|
| Industry | Banking |
| Founded | 2005; 20 years ago (2005) |
| Headquarters | Riyadh,Saudi Arabia |
| Products | Investment banking Islamic banking and finance Asset management Capital market |
Number of employees | 300[1] |
| Parent | SABB |
| Website | www |
HSBC Saudi Arabia Limited is ajoint venture betweenThe Saudi British Bank (SABB) andHSBC Holdings plc,[2] established in 2005, as alimited liability company headquartered inRiyadh,Saudi Arabia with a share capital ofSAR 50 million (US$13.33 million).[3]
It is the first full-service, independentinvestment bank to be established in the Kingdom ofSaudi 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. It employs more than 300 employees.[1] The bank is a component on theTadawul 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.[6]
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| Minority stakes and JVs |
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