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U Capital gets investment banking license from FSA

19 May 2024 By OUR CORRESPONDENT

Muscat – Ubhar Capital (U Capital), a leading financial services firm in Oman, announced that it has officially been permitted to engage in investment banking activities by the Financial Services Authority. As the first Omani private company to be awarded this prestigious license, U Capital is now poised to expand its comprehensive suite of investment services.

In a press release, U Capital said that its enhanced capabilities will enable it to provide diverse and innovative financial solutions. This expansion further strengthens U Capital’s comprehensive investment offerings, which include corporate finance and advisory, brokerage, asset management, liquidity provision and market making, wealth management, research, and the issuance of structured instruments.

Abdulaziz Khalifa al Saadi, CEO of U Capital, said, “Receiving the investment banking license is not just a milestone for Ubhar Capital; it is a testament to our commitment to excellence and innovation in the financial sector. We are now uniquely positioned to provide our clients with a full spectrum of investment banking services, reinforcing our role in bolstering the economic growth and diversification of Oman.”

With this license, U Capital will leverage its extensive experience and in-depth industry knowledge to offer tailored and diversified financial services.

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