Greenstone Equity Partners, the largest fund placement firm in the Middle East, has become the first firm of its kind to obtain a license to promote financial products and foreign securities by the UAE’s Securities and Commodities Authority (SCA).
The SCA has granted Greenstone’s UAE subsidiary, Greenstone Equity Partners Financial Products Promotion L.L.C., a license to perform the activities of financial product and foreign securities promotion.
Under the new license, Greenstone will be able to carry out fund placement activities for its clients by registering funds with the SCA and providing international and local investment options for institutional and noninstitutional investors in the UAE.
“Securing this prestigious license marks a significant landmark in the growth story of Greenstone, cementing us as the leading placement firm for capital raising in the Middle East,” said Alex Gemici, chairman of Greenstone Equity Partners.
Omar Al-Gharabally, president and partner of Greenstone Equity Partners, said: “This license is an important cornerstone of Greenstone’s vision to be ‘within 30 minutes driving distance of every investor we cover,’ which we feel is the only effective way to establish the most productive relationships with our investors.”
Greenstone gets license to promote financial products
Greenstone gets license to promote financial products
Azure opens Azure Takhassusi residential community in Riyadh, fully leased to Saudia
Azure, a Mohammed Al Habib Real Estate company and the owner of Riyadh’s largest portfolio of residential compounds, has announced the official opening of Azure Takhassusi, its newest premium residential community. The project has been fully leased to Saudia, the Kingdom’s national flag carrier.
The launch marks a major milestone in the eight-year partnership between Azure and Saudia, one of the longest-running and most successful corporate housing collaborations in Saudi Arabia. The development reflects Saudia’s continued confidence in Azure’s ability to deliver high-quality residential environments that meet strict standards of comfort, privacy, service excellence and operational reliability.
Purpose-built to support the wellbeing and lifestyle needs of airline professionals, Azure Takhassusi offers more than accommodation. The community provides a fully integrated living experience, combining modern residences, premium facilities, dedicated resident services and professional community management. Designed to promote stability, convenience and peace of mind, the compound allows employees to focus on their professional responsibilities with confidence.
“This opening represents more than the launch of a new residential compound,” said Fahad Al Assaf, president of Azure. “It is a strong statement of trust built over eight years of partnership with Saudia. Azure Takhassusi reflects what long-term collaboration can achieve when two organizations share a commitment to quality, people and performance.”
For Saudia, fully leasing Azure Takhassusi underscores the airline’s continued investment in its workforce. By providing secure, comfortable and professionally managed housing, the airline aims to strengthen its employee value proposition, recognizing the role that high-quality living environments play in attracting and retaining talent.
Azure currently operates the largest portfolio of residential compounds in Riyadh and is a market leader in corporate housing for major institutions across the Kingdom. Its partnership with Saudia remains one of its most significant, spanning eight years of steady growth and large-scale delivery.
The opening of Azure Takhassusi marks another milestone in that journey, setting a new benchmark for corporate housing that supports workforce wellbeing, operational excellence and long-term partnerships in Saudi Arabia.
