Moelis & Company plans to open branch in Saudi Arabia

Logo of Moelis & Company

Moelis & Company is planning to open a branch and hire employees in Riyadh, in light of the privatization of some sectors in addition to the wave of initial public offerings (IPOs) in the Saudi stock market.

Bloomberg quoted the company’s Vice Chairman and Managing Director (MD), Eric Cantor, that the region is considered today as one of the most economically dynamic places globally due to its development.

There is huge interest among American companies wanting to venture into the region, especially Saudi Arabia, as it is the largest regional market.

In May 2020, the board of Capital Market Authority (CMA) issued its resolution to authorize Moelis & Company Saudi Ltd. to conduct arranging and advising activities in the securities business, according to data compiled by Argaam.