BankMed has established a financial services company in the Kingdom of Saudi Arabia under the name “SaudiMed Investment Company”, which will act as a financial intermediary offering the following services: arranging and advising (financial and investment advisory services), managing (investment funds management), dealing (as principal and as underwriter) and custody. The company was incorporated as a closed joint stock in Saudi Arabia in December 2007 and will be regulated by the Saudi Capital Market Authority (CMA).