Goldman Sachs in Talks for Saudi Arabian Equities License - Bloomberg

Goldman Sachs in Talks for Saudi Arabian Equities License - Bloomberg:

"Goldman Sachs Group Inc. is in preliminary talks for an equities license in Saudi Arabia as the U.S. lender seeks to take advantage of the country’s economic reforms, according to people familiar with the matter.

The bank has yet to file a formal application, the people said, asking not to be identified as the information is private. While talks are ongoing, no final decisions have been made, the people said. The bank may also decide against going ahead with the submission, they said.

A Goldman Sachs representative declined to comment. Saudi Arabia’s Capital Markets Authority, which would approve the license, didn’t immediately respond to requests for comment."



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