Thursday 26, July 2018 by Kudakwashe

Moelis & Company to apply for Saudi Arabia advisory licence

 

The licence will allow the firm to carry out advisory work enabling it to do more local equity capital markets as well as mergers and acquisitions work in the kingdom.

  

The New York-based boutique investment bank, Moelis & Company, is expected to apply for a licence from the Saudi Arabia's Capital Market Authority (CMA) to enable it to secure more deals.

Moelis & Company was chosen last year as an adviser by Aramco on its plans for what could be the world's largest initial public share offering, reported Reuters.

Foreign financial services firms are required to obtain licences for certain activities within the country's capital markets such as advisory roles on IPOs and merger and acquisition deals.

 

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