GIB Capital

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GIB Capital

Our Senior Management

PRITISH DEVASSY

Pritish joined GIB Capital as the head of the sell-side research department in May 2022. He brings around 15 years of experience primarily in Equity Research.

Before joining GIB Capital, Pritish was the Head of Equity Research at Al Rajhi Capital where he spent 8 years. During his time the Saudi stock exchange awarded the research house as the best in Saudi Arabia in 2021 based on a survey of institutional fund managers.

He worked with HSBC in Global Research for 5 years where his team was ranked number one for five years in a row by leading institutional investor surveys. His sector coverage included companies in multiple sectors including Chemicals, Banking, Insurance, Telecom, Energy, Metals, Consumers, and Healthcare.
Recently he was one of the judges at the CFA competition in KSA.

Education
He has a post-graduation degree in management and graduation in engineering

He is also a CFA and CPA.

GIB Capital is a Single Shareholder Company (Commercial Registration No. 1010244294) with paid-up capital of SR 200,000,000.

GIB Capital obtained its license from the Capital Market Authority under license number 07078-37 on 08/07/1428H (corresponding to 22/07/2007G). GIB Capital obtained the approval to proceed with its business activities from the Capital Market Authority on 03/04/1429H (corresponding to 12/04/2008G).

GIB Capital provides corporate finance services in the Saudi capital markets, and is licensed to carry out the following activities by the Capital Market Authority (“CMA”):

  • Dealing as:
    • Principal
    • Agent
    • Underwriter
  • Managing
    • Investment fund management
    • Discretionary portfolio management
  • Arranging
  • Advising
  • Custody

GIB Capital is a subsidiary of Gulf International Bank B.S.C. with registered office at Low Rise Building 1, Granada Business & Residential Park, Eastern Ring Road, P.O. Box 89589, Riyadh 11692, Kingdom of Saudi Arabia.