Dear Valued Client,
NCB Capital was launched in 2007 as the investment banking arm of The National Commercial Bank, the largest bank in Saudi Arabia, to provide investment banking services to individual, institutional and corporate clients in the Kingdom.
From inception we have gained a reputation as the leading provider of client centric services. We have grown quickly to become the Kingdom's largest investment bank, with over one million clients and SR56 billion ($15 billion) of assets under management. Also, one of the key leading provider of electronic brokerage services through AlAhli Tadawul.com, IVR and phone banking.
To help our clients achieve their investment goals, we offer a comprehensive wealth management advisory service, a sophisticated trading capability, a complete range of asset management products covering all major asset classes and an extensive investment banking offering. We have augmented our leadership position at home with the strategic acquisition of TCP a London-based multi-family office, and established the Dubai-based private equity and real-estate firm Eastgate Capital. Working in combination, all of these businesses provide our clients with a comprehensive and integrated service in the Kingdom as well as access to offshore and international expertise.
The industry has recognised our success in serving our clients through a number of important awards for our high-performing funds. More broadly, we have established ourselves as a leader in the development of Islamic finance and today we run the Kingdom's largest Sharia-compliant fund business with a 33 percent market share through 26 mutual funds. As a result, we are the world's largest Shariah-compliant asset manager.
All of this has been achieved by working together as one team in trusted partnership with our clients and as part of the wider NCB group. We have an exceptionally talented group within our organisation and we come together to help our clients achieve their goals.
However, we know that we have wider responsibilities as the Kingdom's leading investment bank and an important part of our remit is to help broaden the understanding of financial services in the Kingdom. In conjunction with our parent, NCB, we are working to help improve the financial knowledge of the Kingdom's growing youth population through our thought leadership and advice as well as through our local community commitments.
We are proud of what we have achieved but we know that our position as the investment bank of choice can only be maintained by providing excellence in everything we do.
At NCB Capital, we look for more.