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S&P LAUNCHES IN SAUDI Following the receipt of its final license from Saudi Arabia’s Capital Market Authority, S&P Global Ratings has opened a branch in Riyadh and has become the first international credit rating agency to be licensed to...


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MOODY’S PLANS SAUDI OFFICE Moody’s Investors Service plans to open an office in Saudi Arabia next year. No precise timeline has been announced on when the rating agency will start operations in the Kingdom. The firm has denied media reports...


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INVESTMENT BANKING HEAD FOR AL RAJHI Al Rajhi is rumored to be expanding its advisory business, and to that end has hired Sameer Nawaz (formerly Saudi Fransi) as its new investment banking head for Al Rajhi Capital, responsible for building an...


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BANQUE SAUDI FRANSI Sebastien Abel Raymond Pailhole, a non-executive board member, tendered his resignation from the board of directors of Banque Saudi Fransi on the 24th July 2017. His resignation took effect on the 27th July.


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CLYDE & CO EXPAND CORPORATE PRACTICE Global law firm Clyde & Co has appointed Glenn Lovell as partner in its corporate practise in Riyadh. Glenn joins from King Wood Mallesons where he was also a partner. He has been based in Saudi Arabia...


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JEDDAH CHAMBER OF COMMERCE SUPPORTS IFN SAUDI ARABIA The Jeddah Chamber of Commerce has been confirmed as a partner for IFN Saudi Arabia – a bespoke newsletter focusing on Saudi’s Islamic financial market.


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Staff shake-up for HSBC Saudi Arabia Abdulhadi Shahadah, head of asset management for HSBC Holdings in Saudi Arabia, and Mazin Baghdadi, head of investment management, both resign. New candidates will be announced shortly.


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UK law firm DWF signs exclusive association with Saudi Arabia-based Harasani and Alkhamees Saudi British Bank appoints Khalid Sulaiman Olayan as its chairman and Khalid Abdullah Almolhem as vice–chairman Samba Financial Group appoints Rania...


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Saudi British Bank appoints Khalid Sulaiman Olayan as its chairman and Khalid Abdullah Almolhem as vice–chairman Mubarak Abdullah Khafrah and Lubna Sulaiman Olayan will return as chairman and vice-chairman of Alawwal Bank, respectively AXA...


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Saudi Arabia appoints Mohammed Al-Jadaan, the chairman of the board of the Capital Market Authority, as the new minister of finance Al Tamimi expands Saudi operations with new office in Al Khobar