News Details
NOMW Capital has been licensed by the Capital Market Authority
Capital Market Authority
June 15, 2014

NOMW Capital has been licensed by the Capital Market Authority to conduct its operations in the Saudi market. The license allows NOMW Capital to provide wide number of financial services including Dealing as Principal, as Underwriter, Managing Investment Fund, Managing Client Portfolios, Arranging, Advising and Custody in the Securities Businesses. The license was granted after the inspection visit made by the CMA to NOMW Capital’s office in Riyadh in June 2014, in which NOMW Capital has complied with all of the CMA requirements.

In this occasion, Dr. Nasser bin Aqeel Al Tayyar, Chairman of NOMW Capital stated: “the goal behind the establishment of the company is to participate in the dynamic Saudi financial market and mainly help the Saudi companies to expand their businesses and achieve financial growth by providing them with specialized services they need. The Company also aims to provide new investment opportunities for both corporates and individuals in the Saudi market by diverse products in different industries and sectors. This will definitely serve the higher objective which is the growth of the Saudi economy”.

Dr. Abdul Rahman bin Khalil Tolefat has been appointed as the CEO of NOMW Capital and a member of its Board of Directors, who stated: “The Saudi economy is one of the biggest economies in the region with a lot of investment opportunities which we aim to take advantage of. We will also be providing the necessary services of advisory, consultancy, financing arrangements for the local companies which they need to improve their operations and increase their size of business and profitability. This will all be done through a team that possess the best qualifications and experiences to provide such services”.

NOMW Capital is an investment company regulated by the Capital Market Authority with SAR 50,000,000 paid up capital. The company office is located in the first floor of ADEC building in Al Olaya Road in the Saudi Capital Riyadh.