BUSINESS REPORTER
MUSCAT, MAY 19
Ubhar Capital SAOC (U Capital), a leading financial services firm in the Sultanate of Oman, has announced that it has officially been permitted to practice the activities of an Investment Bank by the Financial Services Authority (FSA). The license marks a significant milestone in U Capital's journey of growth and cements its position as a key player in Oman’s financial sector, it said in a press statement.
As the first Omani private company to be awarded this prestigious license, U Capital says it is now poised to expand its comprehensive suite of investment services, thereby contributing to the realization of Oman Vision 2040’s economic objectives.
U Capital’s enhanced capabilities will enable it to provide diverse and innovative financial solutions. This expansion further strengthens U Capital’s comprehensive investment offering which includes Corporate Finance & Advisory, Brokerage, Asset Management, Liquidity Providing & Market Making, Wealth Management, Research and issuance of Structured Instruments, thereby enhancing the financial landscape of Oman and offering clients a broader range of financial solutions.
Abdulaziz Khalifa al Saadi, CEO – U Capital, commented: "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 plans to leverage its extensive experience and in-depth industry knowledge to offer tailored and diversified financial services. U Capital’s authorization is a reflection of its adherence to the highest standards of regulatory compliance and operational excellence, it added.
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