Saudi's Alkhabeer to expand capital markets business, apply for listing
 

By Bernardo Vizcai** MANAMA, March 4 (Reuters) - Alkhabeer Capital, a Saudi Arabia-based Islamic investment and advisory firm, plans to expand its discretionary management business and apply for a listing on the Saudi stock exchange later this year, its chief executive told Reuters. The company was founded in 2004 as an advisory firm and made the transition to investment firm in 2008, initially focusing on real estate and private equity transactions, although it is actively developing its capital markets business. "It is going to be our main business in the coming five years...It will be ** less than $3 billion in assets under management," chief executive Ammar Shata said on the sidelines of an industry conference in Bahrain.

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