NCB Capital is the investment banking arm of National Commercial Bank (NCB), Saudi Arabia and the Middle East’s largest bank.  Launched in April 2007, it was the first subsidiary of a local bank to be licensed by the Saudi Capital Market Authority and in a short time has grown a strong reputation and profile as an important player in investment banking throughout the Middle East with institutional, corporate and individual clients, as well as growing its broader international presence.

Founded on three decades of its parent’s pioneering work in developing mutual funds for the Saudi market, NCB Capital is today the largest investment bank in Saudi Arabia (the largest market in the GCC region), with over one million clients and some SAR50 billion ($13 billion) of assets under management.  It has the strongest balance sheet of any investment bank in the region, carrying no debt whatsoever.  It is a world leader in developing Islamic investment products, having launched the first Sharia-compliant real estate fund, has a market-leading 33 percent share of local Saudi mutual funds (Tadawul, March 09) and is increasingly being seen as a thought leader in addressing the region’s most significant economic and capital markets issues for its clients.

The firm’s culture is founded on a judicious mix of traditional relationship management combined with best practice global investment banking principles and targeted products and services. 

In addition to its pre-eminent position in Saudi Arabia, the firm is building a strong regional presence selectively, working with its affiliates HC Securities in Egypt and HC Al-Futtaim Securities in Dubai, its subsidiary Eastgate Capital Group in Dubai, and with NCB’s subsidiary Turkiye Finans in Turkey. NCB Capital also has global distribution and access through The Capital Partnership (TCP), its London-based subsidiary, a leading specialist asset manager to both institutional and high net worth clients.  Its global reach is also enhanced through an ongoing affiliation with Goldman Sachs.

The firm organises its 360 employees into three main business groupings - Wealth and Asset Management, Brokerage and Investment Banking, supported by robust economics and equity research expertise. 

Recent accolades include the 2009 Failaka “Best Islamic European Equity Fund” award for its performance over one and three years, and the 2008 Failaka “Best Islamic Fund Manager in the GCC” award.