RIYADH, KSA – Media OutReach – 23 October 2022 – Valuable Capital Financial Company (VCFC), a subsidiary of the top tier Hong Kong-based financial institution Valuable Capital Group Limited, announced that it has received the initial licenses from the Capital Market Authority (CMA) to conduct Dealing, Advising and Custody services in Saudi Arabia, making it the very first and only licensed corporation in the kingdom from Asia.
VCFC said that it will provide relevant services once the final license is granted.
The company has committed to provide trading, consulting and asset custody services, in which to enhance and foster Saudi investors to build global investment portfolios. More financial services such as asset management, IPO advisory, and fixed income are well planned and expected to launch shortly after receiving further approval from the CMA.
VCFC, registered in Riyadh earlier this year, is a joint venture between Valuable Capital Group Limited (VCGL) and eWTP Arabia Capital. This strategic move is expected to help both sides further realize their global business strategy and expand influence in MENA region.
