● Audi Saudi Arabia Grand Opening Reception

The night of February 19, 2007 marked a new milestone in the history of Audi Saradar Group’s expansion strategy and a new success in the history of the Group’s prestigious receptions.
“Magical” is the proper term to describe the Grand Opening of Audi Saudi Arabia - the Group’s investment company in KSA - which was held at Prince Sultan’s Grand Hall, Al Faisaliah Hotel, in Riyadh.
Hundreds of prominent representatives of the Saudi public and private sectors, the business and banking communities, and members of the press, along with a delegation of Board members and key Group executives, were present to celebrate the official launch of operations of our investment entity in a breathtaking setting, where the Bank has, once again, confirmed its unique sophistication and elegance.
A huge black and white lounge was set to comfortably host our notorious invitees, next to a delightful international buffet.

Mr. Raymond Audi (BASAL Chairman and General Manager), Mr. Abdallah Al-Hobayb (ASA Chairman), Mr. Bassam Yammine (ASA CEO), Dr. Marwan Ghandour, Dr. Freddie Baz, Mr. Suleiman Al Muhaidib and HRH Prince Mohammad Bin Khaled Al Faisal (ASA Board Members) were present to welcome the guests.

For perspective, the Saudi Capital Market Authority (CMA) approved in May 2006 the license application of Bank Audi sal to launch Audi Saudi Arabia. Audi Saradar Group contributes to 70% of Audi Saudi Arabia’s capital, with the remaining 30% owned by prominent Saudi individuals and business groups.
Audi Saudi Arabia offers a wide array of securities business ranging from brokerage to asset management, arranging and underwriting, advisory and custody. Its lines of business include Corporate Finance (advisory related to M&As, IPOs, private placements and restructurings, as well as financing transactions and securitisations), Asset Management (fund structuring and management, discretionary portfolio management services, development of structured products), Wealth Management and investment advisory services to high net worth individuals, Brokerage, and Private Equity.