Australia's Macquarie Capital downsizes in the Gulf: sources - Reuters:
Macquarie is scaling back in the Middle East by downsizing its operations in the United Arab Emirates, three sources familiar with the matter said and is giving up an operating license in Saudi Arabia.
Saudi Arabia’s Capital Market Authority said on Tuesday that Macquarie Capital, the lender’s investment banking unit, had relinquished its operating license in the country, which it had acquired in 2017.
“Macquarie Capital Saudi Arabia LLC has requested the Capital Market Authority to cancel its authorization to conduct arranging and advising activities,” the regulator said in a statement. “The company has not commenced business yet.”
No comments:
Post a Comment