French investment bank Natixis has opened a corporate and investment banking office in Saudi Arabia's capital Riyadh and appointed former JPMorgan banker Reema al-Asmari as its chief executive officer, the bank said on Sunday.
FILE PHOTO: The logo of Natixis is displayed in Hong Kong, China December 1, 2015. REUTERS/Bobby Yip/File Photo
Western financial institutions have been seeking opportunities in Saudi Arabia since the government unveiled plans to privatise state assets and introduced reforms to attract foreign capital under its Vision 2030 programme to reduce the economy’s dependence on oil. The bank’s office, located in Al Faisaliah Tower, will offer “tailor-made capital markets products and investment banking services”.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Saudi Arabia says it provided $40 billion to PIF from foreign reservesSaudi Arabia transferred a total of 150 billion riyals ($40 billion) from central bank foreign reserves to fund investments by sovereign wealth fund PIF in March and April, the finance minister said on Friday.
Read more »
Trump Officials Consider Defying Congress to Sell More Weapons to Saudi ArabiaWASHINGTON -- The Trump administration is moving to sell another cache of munitions to Saudi Arabia, according to lawmakers and congressional aides, a step that would again defy Congress and ignore the objections of lawmakers in both parties about Riyadh&39;s human rights record.The State Department
Read more »
Mosques reopen in Saudi Arabia and Jerusalem amid virus woesTens of thousands of mosques across Saudi Arabia reopen for the first time in more than two months. The Al-Aqsa Mosque in Jerusalem, the third holiest site for Muslims after Saudi Arabia's Mecca and Medina, also reopened for prayer.
Read more »
Saudi Arabia's PIF gets $40 billion from foreign reserves to fund overseas investmentsSaudi Arabia transferred a total of 150 billion riyals ($40 billion) from central bank foreign reserves to fund investments by sovereign wealth fund PIF in March and April, the finance minister said on Friday.
Read more »
Saudi Arabia's PIF gets $40 billion from foreign reserves to fund overseas investmentsSaudi Arabia transferred a total of 150 billion riyals ($40 billion) from central bank foreign reserves to fund investments by sovereign wealth fund PIF in March and April, the finance minister said on Friday.
Read more »