About Fossar

Fossar is an investment bank that provides financial instrument brokerage, corporate consultancy and asset management services to Icelandic and foreign investors. Fossar values professionalism, results and trust. The Fossar staff consists of experienced professionals with extensive experience of both Icelandic and global financial markets.

Operating License

Fossar has a license to operate as a credit institution according to the Act on Financial Undertakings. The company’s operating license extends to receipt of repayable funds from the public, granting of credit, investment services and investment activities, i.e. reception and forwarding of clients’ orders concerning one or more financial instruments, order execution on behalf of clients, asset management, investment advice, co-ordinating placing of financial instruments without underwriting and underwriting in connection with the issue of financial instruments, and admission of securities to trading on a regulated securities market. The company also has a license to provide additional services, including safekeeping and administration of one or more financial instruments for the account of clients.

Shareholder list Shares in ISK*
Fossar Markets Holding ehf., owned by Sigurbjörn Þorkelsson, Aðalheiður Magnúsdóttir, Haraldur I. Þórðarson and Steingrímur Arnar Finnsson. 79,04%
H3 ehf., owned by Haraldur I. Þórðarson 5,12%
Kormákur Invest ehf., owned by Steingrímur Arnar Finnsson 4,96%
HT 19 ehf. 4,49%
More Productive ehf. 2,35%
AZ3 ehf. 1,68%
Vatnaniður ehf. 1,18%
Other shareholders 1,16%