UP TO DATE NEWS

Change of name of Emirates Investment Services KSA LLC (EIS KSA)

We are pleased to announce that the legal merger of Emirates Bank International PJSC (EBI) and National Bank of Dubai PJSC (NBD) has taken effect on 21st November 2009 (Effective Date)

This merger combines the experience and strengths of two tradition-rich banks creating Emirates NBD Bank PJSC (Emirates NBD) as a new leading banking champion in the United Arab Emirates and the Middle East Region. With the combination of both EBI and NBD we are creating a stronger partner “Emirates NBD”, the largest bank in the region in terms of assets

Pursuant to the applicable laws (the UAE Federal Companies Law No. 8 of 1984 as amended by Federal Law No. 10 of 2007), the effect of the merger will be that all the assets and liabilities of EBI and of NBD will be assumed by Emirates NBD as legal successor.

As you are aware, EIS KSA is owned subsidiary of Emirates NBD and as part of the merger process and in line with the Emirates NBD new branding strategy, the name of ‘Emirates Investment Services KSA LLC’ has been changed to ‘Emirates NBD Capital KSA LLC’.

Emirates NBD Capital KSA LLC’ will now be deemed your counterparty to any agreements between yourselves and EIS by virtue of the name change. All other terms and conditions will remain valid and enforceable to the extent provided there under.

In this regard, we are designing our new website, which will be in place very soon; therefore, we apologize for any inconvenience

If you have any questions, please pay us a visit, contact us on our toll free number 8001243322 or fax +966 1 299 3973.

EIS KSA is pleased to announce the launching of the “SWAP Agreement” service

EIS KSA is pleased to announce the launching of the “SWAP Agreement” service, which allows foreign investors to trade in the Saudi Stock Exchange Tadawul.

Saudi Arabia’s Capital Markets Authority (CMA) Approved a resolution allowing “authorized persons to enter into SWAP agreements with non-resident foreign whether institutions or individuals, to transfer the economic benefits of the Saudi companies’ shares listed on the Saudi Stock Exchange (Tadawul) while authorized persons retain the legal ownership of the shares” on 18-08-2008.

EIS KSA is pleased to announce that it is ready to offer high quality investments services through professional and specialized team who is capable of dealing with international companies and institutions.

Emirates NBD launches Emirates Investment Services in Riyadh

Apr 15, 2009 - 06:38 -

Riyadh, 15 April, 2009 (WAM) - Emirates NBD, the largest banking group in the Middle East in terms of assets has announced the launch of Emirates Investment Services in Riyadh (EIS - KSA), Kingdom of Saudi Arabia.

Emirates Investment Services, a subsidiary company of Emirates NBD has chosen an ideal location for its offices, in the heart of the business area at Al Tahlia. Licensed and approved by the Saudi Capital Markets Authority (CMA), EIS will provide Brokerage, Asset Management, Corporate Finance Advisory, Investment Advisory and Custody services to Kingdom's market. The launch was announced during a press conference held today (Wednesday, 21st of January, 2009), in Riyadh.

Commenting on the launch of EIS - KSA, Mr. Khaled Kalban, Chairman, Emirates Investment Services - KSA said: "As part of the Emirates NBD Group in the UAE, EIS will be ideally positioned to cross-sell products and services to existing clients, use the existing expertise and client base from within the Group to develop and grow its business in the Kingdom. EIS would also be looking to offer investment alternatives to Saudi Clients in the UAE market." Since August 2008, EIS- KSA has been providing state of the art securities brokerage and investment banking services. Headed by Ahmed El Edwy, EIS has built up a team of professionals to provide approved services to investors and corporate entities in Saudi Arabia. Expansion plans are in place by opening additional offices in other cities in the future.

Ahmed Al Edwy, Chief Executive Officer of EIS-KSA said: "EIS would work closely with Emirates Bank International, Riyadh Branch, which was established in 2003 to provide a full range of commercial banking activities. By launching its investment banking services in the Kingdom, Emirates NBD Group now provides the complete suite of commercial banking and investment banking products and services in Saudi Arabia." Emirates NBD was created in the United Arab Emirates on October 16, 2007, following the merger of Emirates Bank International and National Bank of Dubai making it the largest Banking Group in the Middle East in terms of assets.