Riyadh, 19 Jan - Al Rajhi Capital recently announced the opening of its new Ladies Wealth Management Division in Riyadh. This was announced at a seminar organised by Al Rajhi Capital . The event was attended by a variety of affluent clients.

The establishment of this unit aims to meet the growing demand for financial services by Saudi Arabian ladies, and to expand the company's offerings. The Unit also keeps up to date with developments of the Saudi Arabian financial sector.

The CEO of Al Rajhi Capital , Marcus Andrade, said:" Al Rajhi Capital has been a leader with a preeminent position in the diverse investment industry. Our client base, especially women, is expanding due to the growing demand for the financial and investment services provided by our company. The opening of the new Ladies Wealth Management Division further demonstrates our deep commitment towards this segment of clients. It also encourages the growing role played by Saudi Arabian women in commercial and financial sectors in the Kingdom." try{document.write(_banner_zone('zone9337')); }catch(e){}

Al Rajhi Capital has 35 investment centers around the Kingdom. In addition it provides an active array of 15 competitive mutual funds. Al Rajhi Capital also offers corporate finance services.

Huda Abdullah Saleh Albugami, Relationship Manager, at the Ladies Wealth Management Division, added: "Al Rajhi Capital is proud of its customers' confidence. We promise to provide more investment products & services, and create solutions that suit ladies' needs. This is in line with the company's strategy of providing a holistic service to our valued clientele."

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Editor's Notes

Al Rajhi Capital is the independent, wholly owned investment subsidiary of Al Rajhi Bank, the world's largest Islamic bank and the largest commercial bank in the GCC region in terms of market capitalization with total assets of SAR 124 billion (approximately USD 33 billion), a paid up capital of US$4 billion and an employee base of nearly 8,000 associates. Headquartered in Riyadh, Al Rajhi Bank is listed on the Saudi Stock Exchange (Tadawul).

Al Rajhi Capital is a joint stock company organized and existing under the laws and regulations of the

Saudi Arabia and operates under the Authorized persons Regulations with license number 07068-37 granted by the Capital Market Authority to conduct securities-related services, including pokerage, asset management, arranging, underwriting, private equity, advisory and custodial services. Al Rajhi Capital is a leader in providing pokerage services and manages 15 funds. Al Rajhi Capital has been recognized over the years through several awards.

For more information, please contact:

Ousamah T. Aldeghather

Head of Marketing & pR

Al Rajhi Capital

Tel: +966 (01) 211 94 28

Fax: +966 (01) 211 92 99

E-mail: aldeghatherot@alrajhi-capital.com

Website: www.alrajhi-capital.com

© press Release 2010