Goldman Sachs to establish regional headquarters in Riyadh: report
- Date: 23-May-2024
- Source: Arab News
- Sector:Financial Markets
- Country:Saudi Arabia
Goldman Sachs to establish regional headquarters in Riyadh: report
RIYADH: Goldman Sachs Group is set to become the first Wall Street bank to establish its regional headquarters in Saudi Arabia as it has reportedly obtained a license from the Ministry of Investment, reported Bloomberg.
As per the recently approved laws in Saudi Arabia, companies with state contracts must have a regional headquarters in the Kingdom with a minimum of 15 employees.
Arab News contacted the Investment Ministry to get a confirmation of the news but officials declined to comment. Goldman Sachs to establish regional headquarters in Riyadh: report