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BNY Mellon opens regional headquarters in Saudi Arabia, capitalizing on the country’s economic diversification.
Bank of New York Mellon (BNY) has received a license to open a regional headquarters in Saudi Arabia, joining other global banks expanding in the Middle East.
This move is driven by growing opportunities in Saudi Arabia’s economy, which is diversifying beyond oil, attracting foreign capital through reforms.
BNY’s new headquarters in Riyadh will support its services in asset servicing, custody, and advisory across the region.
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