Alistithmar for Financial Securities and Brokerage Company – Alistithmar Capital (ICAP) is a Saudi closed joint stock company, and a wholly owned subsidiary of The Saudi Investment Bank. ICAP was spun-off in 2007-08 as a part of separation drive of Brokerage, Asset management and Investment Banking businesses from banks as per CMA directives. As part of a strategic repositioning, ICAP integrated with SAIB BNP Paribas Asset Management (SAIB BNPP) in December 2011 through the acquisition of all assets & liabilities of SAIB BNPP. The objective was to offer a more comprehensive range of products and services under a unified umbrella.
The Company operates under Commercial Registration No. 1010235995 issued in Riyadh on July 22, 2007. The Company also operates its activities under Authorization License number (11156-37) dated October 1, 2011 issued by the Capital Market Authority (CMA). ICAP’s headquarter is located in Riyadh, Saudi Arabia. ICAP is licensed to provide securities brokerage, asset management, custody, margin lending, advisory and arranging services.
ICAP currently provides the whole range of products and services in the brokerage and asset management business segments, with plans to offer Investment Banking services in the near future.
ICAP provides traditional and alternative investment funds relating to major KSA, GCC and global asset classes including fixed income (debt), equities and money market. These products and services are developed, managed and delivered through a dedicated team of asset management professionals and are supported by a dedicated in-house research team. Each fund has been structured to satisfy the varying needs of its clientele.
ICAP also provides portfolio management services (DPM) through offering both discretionary and non-discretionary portfolio management. Each portfolio is managed according to the needs of the client by offering a wide spectrum of investment profiles (e.g. fixed income, balanced, growth etc.). The team of asset management professionals is assisted by a dedicated in-house research team.
The brokerage and securities related services includes providing an efficient and robust process for deal facilitations in capital markets, custody services, margin financing, and other related services in the local and leading Middle Eastern and International capital markets. ICAP’s e-brokerage platform “ISTITHMARCOM” (powered by Mubasher NTG Saudi Arabia) provides the clients with a user friendly platform and a depth of client features to analyze the market and execute deals in a state of the art manner. ICAP customers are also provided margin lending facilities in the local markets, subject to special terms and conditions.