Goldman Sachs Saudi Arabia amends business activities

Saudi Arabian Capital Market Authority (CMA) approved a request by Goldman Sachs Saudi Arabia Company to amend its business profile by adding new activities as Principle, an Agent, an Underwriter and Custody.

The firm is now authorized to conduct dealing as principal, an agent, an underwriter, managing investment funds, discretionary portfolio management, arranging, advising, and custody activities, the market regulator said in a statement.