The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Big banks bounce back in Saudi Arabia after purge

World's major lenders jockeying for position in expectation of sovereigns, large corporates and private sector companies tapping markets for equity and debt

Published Sun, Mar 4, 2018 · 09:50 PM
Share this article.

Riyadh

GLOBAL banks are pushing ahead with growth plans in Saudi Arabia four months after a crackdown on corruption threatened to derail ambitious plans to transform the economy.

Lenders including UBS Group and Goldman Sachs Group have been hiring and Citigroup just won its first local advisory mandate since returning to Saudi Arabia after a 13-year absence. Deutsche Bank said it's expanding in the kingdom as the outlook for bond and stock sales improves.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Banking & Finance

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here