Middle-east Arab News Opinion | Asharq Al-awsat

Merrill Lynch Receives Saudi License - ASHARQ AL-AWSAT English Archive
Select Page

London, Asharq Al Awsat- Merrill Lynch today announced it has received a banking license from the Capital Markets Authority to operate in the Kingdom of Saudi Arabia.

The license will allow Merrill Lynch to offer its domestic and global clients a full suite of global markets, investment banking products and wealth management solutions, including M&A advisory, structured finance, equity and debt capital market solutions.

Ahmass Fakahany, Merrill Lynch, President and Chief Operating Officer, said: ‘I am delighted that Merrill Lynch has been awarded a banking license from the CMA to operate in the Kingdom of Saudi Arabia. Riyadh is a critical regional hub for financial services and we are looking forward to growing our presence in the Kingdom and continuing to provide world class products and solutions to our clients.’

Jeffrey Culpepper, head of Global Markets and Investment Banking, Middle East and North Africa said: ‘Today’s emerging markets are tomorrow’s established markets. Riyadh has acknowledged the role it can play in developing the financial services sector of the Middle East.’

Eva Castillo, head of Global Private Client, Europe, Middle East and Africa said: ‘This license represents a significant step for the firm which builds on our 45 year commitment to the region. We are excited about the expansion opportunity for Merrill Lynch in the Kingdom of Saudi Arabia.’

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

More Posts

Follow Me:
FacebookGoogle PlusYouTube