Doha: Lesha Bank, a public limited liability company, announced that its wholly-owned subsidiary, Lesha Capital, has received preliminary approval from the Saudi Capital Market Authority (CMA) to manage investments, operate funds, and provide advisory services.

According to Qatar News Agency, in a statement published on the Qatar Stock Exchange (QSE) website today, the bank explained that, once fully licensed, Lesha Capital’s operations will mark a significant step in expanding the bank’s services within the Saudi market.