Riyadh, Kingdom of Saudi Arabia - Neo Merchants Capital (“Merchants”), the Riyad-based emerging investment banking company, launched a Saudi domiciled asset-backed Sukuk programme, the Kingdom’s first asset-backed Sukuk denominated in Saudi Riyals and issued by a special purpose entity licensed by the Saudi Capital Market Authority.

Neo Merchants Capital announced that it has commenced operations pursuant to the commencement letter dated 19/May/2019 received from the Saudi Capital Market Authority

Neo Merchants Capital received Saudi Capital Market License Approval to conduct arranging and advising activities.