Itqan Capital is a Saudi Arabia based investment company licensed by the Capital Market Authority, engaged in asset and portfolio management, principal investment and debt and equity arrangement. Itqan Capital aspires to be the Kingdom’s pre-eminent provider of investment offering pension funds, foundations, charities, endowments, private and public companies, high net worth individuals and family offices. In 2012, ABG acquired 60% stake in Itqan Capital which is considered as strategically important to the Group as it gives the Group access to the extensive base of investors in Saudi Arabia and the opportunity to introduce them to the wide range of Shari’a compliant products that have been developed by the Group over the years. With Saudi Arabia being the largest Arab economy, with strong fundamentals and a stable financial and investment environment, the acquisition reflects the Group’s strategy to enter key regional markets. As at 31 December 2012 Itqan Capital’s total assets were SAR65 million or $17 million, with total investments of SAR46 million ($12 million) and owners’ equity of SAR59 million ($16 million).