| Bahrain-based Al-Baraka Banking Group (ABG) has announced the launch of Itqan Capital, formerly known as Altawfeek Financial Group, in Saudi Arabia, through its fully-owned subsidiary Al-Baraka Islamic Bank Bahrain (ABIB). ABIB owns the majority of shares of the newly launched company.
ABIB Chairman Khaled Al-Zayani, while underlining the importance of the business model of the newly launched firm, said it would focus on four areas including asset management, principal investment, investment banking, and custodial services — all supported by centralized advisory, research and business development capabilities...............................................Full Article: Source
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