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Morgan Stanley Makes a Bold Move in the Middle East! 🚀 Morgan Stanley has just secured regulatory approval to establish its Middle East headquarters right in the heart of Saudi Arabia. This strategic move signals a significant commitment to the region and positions Morgan Stanley alongside other financial powerhouses like Citigroup and Goldman Sachs. Why Saudi Arabia? The region is experiencing rapid growth and development, making it an attractive market for global financial institutions. By setting up a regional base, Morgan Stanley aims to capitalize on these opportunities and deepen its relationships with local clients and partners. As a long-time player in the Middle East, Morgan Stanley has a deep understanding of the region's unique dynamics. With this expansion, they're poised to further strengthen their presence and drive innovation. Let's see what the future holds for Morgan Stanley and the broader financial landscape in the Middle East! #MorganStanley #MiddleEast #FinancialNews #BusinessExpansion #SaudiArabia #Investment #FutureofFinance

Morgan Stanley got regulatory approval to locate its Middle East headquarters in Saudi Arabia, joining Wall Street rivals including Citigroup and Goldman Sachs Group.

Morgan Stanley got regulatory approval to locate its Middle East headquarters in Saudi Arabia, joining Wall Street rivals including Citigroup Inc. and Goldman Sachs Group Inc. in expanding their presence in the kingdom.

GCC public markets are maturing rapidly, see significant uptick in activity like IPOs, mergers, etc. The big moves by big Western financial powerhouses to Riyadh bring a focus to the region and specifically to Saudi Arabia. Welcome to the neighborhood, Morgan Stanley! #GCC #IPO #capitalmarkets #morganstanley #goldmansachs #citigroup

Morgan Stanley got regulatory approval to locate its Middle East headquarters in Saudi Arabia, joining Wall Street rivals including Citigroup Inc. and Goldman Sachs Group Inc. in expanding their presence in the kingdom. “Establishing a regional HQ in Riyadh reflects the growth and development of Saudi Arabia and is a natural progression of our long history in the region,” said Abdulaziz AlAjaji, the chief executive officer for Saudi Arabia and the bank’s co-head of the Middle East and North Africa region said in a statement on Sunday. Morgan Stanley has been present in Saudi Arabia since 2007, when it set up an equity trading business in Riyadh, and became one of the first international asset managers to launch a Saudi equity fund two years later. CEO Ted Pick was among a host of executives and investors to speak at Saudi Arabia’s flagship Future Investment Initiative last month. #saudiarabia #saudivision2030 #riyadh #rhq #riyadhhq #morganstanley #wallstreet #investmentbanks

Big news for Goldman Sachs! 💰 The Wall Street Powerhouse has become the first major U.S. bank to receive a license from Saudi Arabia to set up its regional headquarters in Riyadh. This is a significant milestone for Goldman, allowing them to plant deeper roots and strengthen their presence in the rapidly growing Saudi market. By establishing a dedicated regional hub, they can better serve clients, seize investment opportunities, and navigate the unique dynamics of the Kingdom. 🌐 It's a strategic move that underscores Saudi Arabia's efforts to attract foreign investment and diversify its economy beyond oil and gas. For Goldman, it's a vote of confidence in the long-term growth potential of the Saudi Arabian economy. 📈 As the first Wall Street bank to achieve this, Goldman has once again demonstrated its ability to break new ground and expand its global footprint in key emerging markets. An exciting development for the firm and the region! 🚀 According to people familiar with the matter. My latest is with Matthew Martin and Nicolas Parasie 👥

Goldman Sachs has become the first Wall Street bank to secure a Saudi HQ license, signaling a major milestone in the Kingdom's ongoing economic transformation. The move aligns with Saudi Arabia's Vision 2030, aiming to significantly grow its financial sector. With this new status, Goldman Sachs will significantly bolster its presence in the Kingdom, enhancing its ability to serve local and regional clients. This license allows Goldman Sachs to expand its investment and financial services, including advisory, wealth management, and capital markets, directly from its new Saudi headquarters. Since the implementation of the Regional Headquarters Law on January 1st 2024, I have spoken to a great deal of clients that have found the requirements to be quite challenging. For company's that have a large staff force and are looking to take advantage of the regions evolving market and understand why large western organisations like GS are utilising the benefits it presents, please feel free to get in contact today and we can discuss if this is the right move for your company. 📩 #SaudiArabia #GoldmanSachs #Vision2030 #Investment #GlobalBusiness #EconomicGrowth

#Citigroup and #MorganStanley's decision to establish their #MiddleEast regional headquarters in #Riyadh is a significant milestone for #SaudiArabia's ambitious vision of becoming a global investment hub. For #multinational corporations, this offers a strategic gateway to the region’s burgeoning markets and opportunities to align with the Kingdom's #Vision2030 transformation #agenda. However, challenges such as navigating regional regulatory complexities, innovation around #islamicfinance products, talent acquisition, and ensuring sustainable growth in a competitive market must also be addressed. Striking the right balance between ambition and execution will be critical for both Saudi Arabia and these global giants. Exciting times for the #FinancialIndustry and the #MiddleEast region as a whole! #ksa #banking #financialservices

Lazard Inc. became the latest Wall Street firm to comply with Saudi Arabia’s ultimatum for foreign firms to set up their Middle Eastern base in the kingdom, months after larger rival Goldman Sachs Group Inc. secured a similar license. The New York-based firm has received a so-called regional headquarters license from the Saudi Ministry of Investment, according to people familiar with the matter, who asked not to be identified as the information is private. The move is the latest sign that Wall Street banks are heeding the Saudi government’s warning that it would stop working with firms unless they established a regional HQ in the country. #saudiarabia #saudivision2030 #investmentbanking #saudihq #RHQ #middleeast

#newsoftheday Morgan Stanley to put Middle East regional headquarters in Saudi Arabia The development comes after the Citi receiving approval for a regional HQ license from the Kingdom's Ministry of Investment. #internationalfinance #morganstanley #saudiarabia #middleeast #regionalheadquarters #citigroup #investment #businessnews #finance