The Saudi National Commercial Bank (NCB) has launched the kingdom’s first online brokerage for trading in international securities, reported the Gulf News on Wednesday.
NCB bills itself as the market leader in the kingdom's credit card business and its portfolio includes a co-branded card with Saudi Arabian Airlines' Alfursan frequent flyer program.
The bank created "AlahliBrokerage," an Internet-based brokerage (www.ala-hli.com or www.alahlibrokerage.com), to meet the growing demands of traders and banking customers wishing to diversify investments into international markets, the bank said in a statement, cited by the paper.
AlahliBrokerage is intended to help investors make informed investment decisions through online access to research, news and stock quotes, and enable them to conduct trades, the statement added.
The service targets customers who want access to international equity markets via the cost-effective, convenient and "always open" medium of the Internet.
The bank said that this service was available to both NCB and non-NCB customers – Albawaba.com
© 2001 Al Bawaba (www.albawaba.com)
