J.P. Morgan Saudi Arabia Limited (“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 14th January 2008 to engage in dealing as agent in international markets, arranging, advising and custody activities. On 6th October 2015 the company received the CMA commencement letter to engage in dealing as principle, dealing as agent in the local market and underwriting.
The Company is a direct subsidiary of J.P. Morgan International Finance Limited (“JPMIF”) which owns 95% of the Company with the remaining 5% being held by J.P. Morgan International Inc (“JPMII”). 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.