HSBC Saudi Arabia Limited is a joint venture between The Saudi British Bank (SABB) and HSBC Holdings plc,[1] 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).[2]
It is the first full-service, independent investment bank to be established in the Kingdom of Saudi Arabia,[3] 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.[4] The bank is a component on the Tadawul Exchange.[5]