Standard Chartered was formed in 1969 through the merger of two banks: The Standard Bank of British South Africa, founded in 1863, and the Chartered Bank of India, Australia, and China, founded in 1853.
Our history in the Middle East dates back to 1920. Over the years, we have been consistently committed to this core market, establishing deep, long lasting relationships with our clients, including corporations, financial institutions, and sovereign entities throughout the region.
Standard Chartered Capital Saudi Arabia (SCSA) was established in 2009 with a share capital of 100 million riyals ,as a fully owned subsidiary of Standard Chartered Group. The company is licensed by the Saudi Arabian Capital Market Authority with a license No. (09144-37) dated 10/1/1431 H corresponding to 27/12/2009 G to conduct Dealing as Principal, Dealing as Underwriter, Custody, Advisory, and Arranging activities. Currently, the company conducts primarily Capital Markets, Corporate Finance, and Financial Markets arranging activities. The company commenced its business on 29/1/2011 G, with a commercial register No.( 1010289274) dated 19/6/1431 H.
Our strategy in the Kingdom focuses on engaging with a limited number of well established global corporates and financial institutions relevant to Standard Chartered's footprint and product capabilities where we continue to deliver milestone transactions, further contributing to the development of the Kingdom's market.