Exotix partners with Saudi’s NCB Capital

Exotix

Capital, an investment bank specialising in developing markets, has teamed up with Saudi Arabia’s NCB Capital to provide frontier and emerging markets research and local execution services.

“Saudi Arabia has entered a new phase, characterised by economic reforms to diversify, strengthen and grow the economy,” NCB Capital’s head of securities division, Mohammad Al Nory, said yesterday. Global index provider MSCI classified Saudi Arabian equity market as an emerging market in June.(Reuters)