Today, Tyche Global Financial Inc. (“Tyche”) successfully completed all the closing procedures for the issuance and subscription of the company's new shares following its approval from Ontario Securities Regulatory Commission (OSC) on July 26,2023. The new issued shares are subscribed by Alawwal Properties Corp. (“APC”).
APC is a Canadian subsidiary of Alawwal Capital Co., a licensed investment bank in Saudi Arabia regulated by the Saudi Capital Market Authority (CMA). Established in mid-2016, APC serves two primary objectives: identifying and pursuing investment opportunities in the Canadian market, particularly in real estate and private equity, and acting as an asset manager by providing and structuring investment opportunities.
Tyche Global Financial Inc. is an Exempt Market Dealer (NRD number 59670) registered in both Ontario and British Columbia since 2018.
Tyche believes that with the joining of new shareholders, the company can further meet the new needs of investors post the three-year pandemic. On the one hand, Tyche can better identify new and diverse products. On the other hand, the company can enrich the sales channels and platforms in the new era while complying with the regulatory requirements.
Tyche Held Seminar for Clients
Tyche hosted an online seminar meeting for clients on May 6, 2020. More than 30 clients attended the meeting. The meeting focused the discussion on the current situation of the Seniors Housing industry under the pandemic period. Furthermore, Tyche provided updates on the progress of the investment projects which Tyche’s clients have invested. The seminar lasted two hours. The customer responded warmly to the seminar meeting and Q&A session.
Annual Training for Dealing Representatives
2020-04-23 / 2020-05-08
In accordance with the compliance requirements, Tyche organized two training seminars for its registered dealing representative on April 23 and May 8, respectively. All the dealing representatives attended both seminars. During the training seminars, CEO of Tyche highlighted the importance for dealing representatives to manage a good customer relationship during the pandemic period; and the CCO provided explanation of the documents updated according to the latest regulations of the OSC.