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
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
