Ithraa Capital is a new investment company being formed in Saudi Arabia by a group of Saudi business individuals, companies (Atheeb trading and al-Nahla Group), and partners from Kuwait Investment Company and Ithmaar Bank in Bahrain. The company is authorized by the Capital Market Authority (CMA) to carry out all securities business activities in Saudi Arabia (dealing, arranging, managing funds and providing financial advisory services). It was established in January 2008 with initial paid-up capital of SR400 million.
Considering the number of potential competitors in the market, the founders of Ithraa Capital recognize the challenge on hand to successfully penetrate the market. The key value proposition to clients would be reputation and credibility of the founder, high quality services and highly talented professionals.
The company aims to achieve a competitive advantage by continuously developing new resources and capabilities in response to rapidly changing market condition.
The major strategic objectives of our company will be the following:
• To become a premier services company in Saudi Arabia;
• To contribute to the development of the financial services sector in the country; and
• To achieve an attractive Internal Rate of Return (IRR) for its shareholders.
The company is head-quartered in Riyadh, from inception and will have branches in Jeddah and Dammam.