Morgan Stanley got regulatory approval to locate its Middle East headquarters in Saudi Arabia, joining Wall Street rivals including Citigroup Inc. and Goldman Sachs Group Inc. in expanding their presence in the kingdom. “Establishing a regional HQ in Riyadh reflects the growth and development of Saudi Arabia and is a natural progression of our long history in the region,” said Abdulaziz Alajaji , the chief executive officer for Saudi Arabia and the bank’s co-head of the Middle East and North Africa region said in a statement on Sunday.

Source: The North Africa Journal November 24, 2024 19:06 UTC