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Today: October 16, 2024
February 6, 2024
1 min read

GREENSTONE SAUDI ARABIA LICENSED TO MANAGE INVESTMENTS AND OPERATE FUNDS IN SAUDI ARABIA BY THE CAPITAL MARKET AUTHORITY

Greenstone Saudi Arabia, a Saudi Arabia-based subsidiary of  Greenstone Equity Partners, the largest fund placement firm in the Middle East, is pleased to announce that  it has recently received approval from the Capital Market Authority of Saudi Arabia (the “CMA”) to  commence operations under its Managing Investments and Operating Funds license. In addition to  Greenstone’s existing Arranging and Advising license, this license allows Greenstone Saudi Arabia to  establish, manage, register and offer local and foreign funds to Saudi Arabian investors under the CMA’s  Investment Fund Regulations. 

The new license enables Greenstone to enhance its offerings in Saudi Arabia, providing a wider range of  investment opportunities and financial services to meet the growing needs of Saudi Arabian investors. 

Alex Gemici, Chief Executive Officer of Greenstone Equity Partners, expressed his enthusiasm, stating, “We  are delighted to receive this prestigious license from the CMA, which reflects our dedication to delivering  financial services and investment opportunities to the growing market of Saudi Arabia. We are proud of our  legacy and roots in the region and continue to be committed to operating in full compliance in the GCC  with direct on the ground on-shore licensing in Saudi Arabia and UAE and indirect licensing through local  regulatory partners in Kuwait, Oman, and Qatar”. 


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