Falcom Financial Services, a Sharia-compliant investment bank in Saudi Arabia, emerged as a result of Saudi Arabia’s 2003 capital market reform process, which introduced the Capital Market Law.
Established in 2007, with a paid-up capital of $267m, Falcom is the biggest of 35 newly licensed investment banks in the Kingdom. In just two years Falcom has managed to capture a market share of more than 36 percent. It already as a licence to operate in Oman as well as in Egypt.
Adeeb Al Sowailim, Falcom’s CEO, also plans to expand the brand into the UAE, and recently said one of the firm’s biggest talents is spotting gaps in the markets. “Our leadership began by spotting and filling out the gaps in investor needs and wants, be it in terms of knowledge, products or services – this led to innovations and pioneering spirit,” he said.
The bank is equipped with a full fledged treasury operation and has the biggest buy and sell side research in the Kingdom.
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