The Board of Directors of Rasameel Investment Company announced that it discussed the preliminary proposal submitted by Kfic Invest Company regarding a merger acquisition to establish a larger investment entity capable of facing challenges and seizing market opportunities. Following an extensive discussion of the proposal, the Board unanimously agreed to open the books for due diligence as a first step towards advancing this strategic cooperation.
In this context, Rasameel's Chairman, Abdullah Al-Jouan, stated, “We view the offer presented by Kfic as an important opportunity that benefits both parties.
The goal of this strategic move is to establish a larger investment entity endowed with greater resources and capabilities, along with a professional investment team capable of tackling market challenges and adapting to ongoing changes in the economic environment. We are confident that this partnership will enhance our capabilities and expand our service offerings to clients.
Additionally, Rasameel's CEO, Dakhil Al-Dakhil, expressed pride in the achievements the company has made over the past period, noting that this deal marks a qualitative step towards realizing its vision for growth and expansion. He added, “Thanks to the efforts of our exceptional team, Rasameel has proven to be a reputable investment platform with a unique technological focus, making it the ideal foundation for launching a new, larger, and stronger investment entity. With this potential partnership with Kfic, we look forward to achieving even greater accomplishments, including increasing our market share and enhancing our services for clients, not only locally but also regionally and internationally.”
Al-Dakhil emphasized that the Rasameel team, comprised of young local talents, has achieved remarkable milestones in recent years, expanding its client base and capturing an increasing market share in the local market. With this new opportunity for collaboration with KFIC, Al-Dakhil affirmed that Rasameel is poised to achieve larger goals that align with its ambitions to expand beyond local boundaries into regional and global markets.
The CEO pointed out that this planned alliance would enable the company to offer more comprehensive and innovative services to its clients, thereby enhancing its competitive position in the market.
He also highlighted that the strategic shift towards utilizing financial technology would provide the new entity with the flexibility and capacity to navigate the complexities of global markets and respond swiftly to ongoing changes.
This step reflects Rasameel's commitment to developing its business and leveraging available opportunities to strengthen its position as one of the leading companies in the investment sector.
This collaboration with Kafek is viewed as an additional step towards achieving the company's ambitions to become a key player in both regional and international markets.
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