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BNP Paribas Gets Saudi HQ License as Riyadh-Paris Ties Deepen

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BNP Paribas Gets Saudi HQ License as Riyadh-Paris Ties Deepen BNP Paribas SA has secured a regional headquarters license in Saudi Arabia, boosting its presence in the kingdom as ties between Riyadh and Paris deepen. The French lender joins several international financial giants including Goldman Sachs Group Inc., Morgan Stanley and more recently Deutsche Bank AG in receiving a license, part of the kingdom’s effort to attract foreign firms and make capital Riyadh a regional finance hub.

BNP Paribas Gets Saudi HQ License as Riyadh-Paris Ties Deepen BNP Paribas SA has secured a regional headquarters license in Saudi Arabia, boosting its presence in the kingdom as ties between Riyadh and Paris deepen. The French lender joins several international financial giants including Goldman Sachs Group Inc., Morgan Stanley and more recently Deutsche Bank AG in receiving a license, part of the kingdom’s effort to attract foreign firms and make capital Riyadh a regional finance hub.
BNP Paribas (ORG) Saudi HQ License (ORG) Riyadh-Paris Ties Deepen BNP Paribas (ORG) Riyadh-Paris Ties Deepen BNP Paribas SA (ORG) Saudi Arabia (LOCATION) Riyadh (LOCATION) Paris (LOCATION) French (ORG) Goldman Sachs Group Inc. (ORG) Morgan Stanley (ORG) Deutsche Bank AG (ORG)
Originally published by Bloomberg Markets Read original →