The National Bank of Kuwait (NBK) Saudi Arabia has officially launched wealth management services in the Kingdom through its subsidiary Al Watani Wealth Management Company, the company announced on Monday.

 

It will offer services such as investment funds management, discretionary portfolios management, deal arranging, advisory services, and custody arrangements. 

 

Last year, Al Watani Wealth Management had received necessary approvals from the Saudi Capital Market Authority to operate in the Kingdom.

 

"Saudi Arabia is a key growth market for NBK Group. We have always seen great opportunities in the Saudi market in line with our regional and international expansion strategies,” said Isam Jassim Al-Sager, NBK Group Chief Executive Officer.

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