BNY Mellon obtains custody license in Saudi Arabia, plans to open new office
The license and the new office will enable the world’s largest custodian to capitalise on the opening up of Saudi Arabia’s securities market to foreign investors.
Tag: Saudi Arabia
HSBC appoints new head of MENAT securities services
HSBC Securities Services is aiming to capitalise on the growing interest from foreign investors in Middle Eastern markets, particularly Saudi Arabia.
Opening GCC markets provide new growth opportunities for securities services firms
Global Custodian looks at some of the critical issues discussed at The Network Forum Middle East Meeting in Oman earlier this week.
HSBC sets up electronic custody link to Saudi market
Since Saudi Arabia opened its doors for foreign investors in 2015, HSBC has emerged as the largest custodian in the country.
Saudi Arabia reforms lead to coveted MSCI emerging markets inclusion
Landmark inclusion for Saudi Arabia in MSCI index as Deutsche Bank’s chief country officer says it’s a “major milestone” for the entire Middle East.
Kuwait’s ‘unprecedented pace’ of reforms sparks interest from investors
Saudi Arabia may have been more widely discussed by investors in recent years, but Kuwait’s reforms are beginning to draw attention.
Saudi exchange establishes independent CCP, targeting new asset classes
Saudi Arabia opened its doors to foreign investors three years ago and has been touted as the next up and coming market.
Saudi exchange completes switch to T+2
The Saudi Arabian Stock Exchange has formally moved from a T+3 to T+2 settlement cycle for listed securities.
Apex teams with Saudi custodian for fund admin services
Apex Fund Services and Albilad Capital will jointly provide administration services to funds in Saudi Arabia.