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Ajlan & Bros signs JVA with B-Brick

Ajlan & Bros Holding Group signed a joint venture agreement (JVA) with B-Brick to establish a new company in the Kingdom under the name “Ajlan & Bros – B-Brick”. The agreement was signed in the presence of His Excellency Eng. Ali Al Hazmi, CEO of Ajlan & Bros Holding Group, and Mr. Changwon Ti, CEO of B-Brick.

Ajlan & Bros Holding Group chose to partner with B-Brick because it is a leading technology service provider in South Korea, specializing in financial technology applications, and the parent company of B-Brick, SEJONG Telecom, is the fourth largest telecom service provider in Korea. B-Brick also obtained all the required licenses from the official authorities in the Korean government that supervise the activities of financial technology services.

The company announced that its most important objectives in the Kingdom's market are to support the capital markets by taking advantage of the latest financial technology capabilities in B-Brick.

The company said that it is witnessing an evolution in the level of interest among individuals in international investment and in new asset layers. Therefore, it will seek to enable individuals to invest in any asset they wish, including asset layers that are currently owned only by investment companies. This will be done through asset segmentation and other financial technology solutions through an integrated wealth management platform.