J.P. Morgan Saudi Arabia Company (a single shareholder closed joint stock company) ("JPMSA" or the "Company") was established as a limited liability company on 27th November 2007 and licensed by the Capital Market Authority with effect from 22nd July 2007 to engage in dealing as agent in international markets, arranging, advising and custody activities and commenced its business on 14th January 2008. On 11th November 2012 JPMSA was awarded a CMA license to amend its activities to include dealing as principle, dealing as agent in the local market and underwriting and commenced its business on 6th October 2015.
In 2017, the company converted from a Limited Liability Company to a Single Shareholder Closed Joint Stock Company as directed by the CMA. The Company is a direct subsidiary of J.P. Morgan International Finance Limited (“JPMIF”) which owns 100% of the Company. The Company currently has paid up share capital of SAR 93,750,000 which was approved as a capital increase by CMA on 26th April 2015.
The Company’s clients include banks, government institutions, large corporate clients and large family groups. JPMSA does not own or control any other company or has any subsidiaries. The Company continues to invest in people and expanding its platform capability to enable seamless local and international client execution. The Company also grew its Brokerage and Direct Custody businesses in 2019, acclaiming seamless executions and settlements during all rebalances events in the Saudi Arabian market.
The Company is located in Riyadh on the 8th floor of the Al-Faisaliah Tower. P.O.Box 51907, Riyadh 11553, Kingdom of Saudi Arabia. Tel: (+966) 11 299 3800. Commercial registration No. 1010240801, CMA license No. 12164-37.
List of Capital Markets and Stock Markets that the Company deals with is Tadawul Stock Exchange