Skip to content Skip to Search
Skip navigation

Rothschild’s Saudi office signals vote for Riyadh

Rothschild Saudi Arabia King Abdullah Financial District Shutterstock
Rothschild's new office in King Abdullah Financial District is seen as a vote of confidence in Saudi Arabia's economic plans
  • Opens in King Abdullah Financial District
  • Plan to double banker numbers
  • Services include M&A advice

Rothschild & Co has opened an office in Saudi Arabia, giving a vote of confidence in the country’s massive economic development plans. 

The investment bank’s office in Riyadh’s King Abdullah Financial District will manage advisory services including mergers and acquisitions, debt advisory and restructuring and private equity. 

Nasser Al Issa, managing director of the Saudi office it would represent “a key hub for our Middle East business”. 

The family-owned Anglo-French bank, which is headquartered in Paris and has a history going back more than 200 years, is one of the top-ranked institutions for advice on mergers and acquisitions, according to GlobalData. It played a major role in organising the bailout of Dubai by Abu Dhabi in 2009’s financial crisis.

Rothschild & Co has grown over the past three decades beyond advising on mergers and acquisitions and into wealth management, private equity and debt financing.

Last year it said it was de-listing from the Paris stock market to become entirely private. 

The bank has long maintained a large office in Dubai, with around 50 bankers, and added an Abu Dhabi office last year. Its Saudi office has seven bankers at present but will double that number in the medium term, a Rothschild spokesman said. 

The Saudi government now requires foreign companies to establish a regional headquarters inside the country for access to government contracts worth SAR1 million ($270,000) or more, part of its effort to raise annual foreign direct investment to $100 billion by 2030. 

Latest articles

Employees at Sabic's Jubail manufacturing site; increased prices for products helped raise profits

Sabic announces SAR1bn profit in dramatic turnaround

Saudi Arabian petrochemical giant Sabic (Saudi Basic Industries Corp) has announced profit in Q3 2024 of SAR1 billion ($266.2 million) in a marked turnaround from the same period last year. In 2023, the company reported a Q3 loss of SAR2.88 billion. Revenues in Q3 2024 were up 3 percent year on year, and the company […]

Frank Kane, Kamala Harris and Donald Trump

The Greatest Show on Earth: US election results

Wednesday November 6 | 8:30am – 10:30am | Capital Club, DIFC, Dubai Register to attend in person: RSVP@capitalclubdubai.com As the key swing states announce their results, join our Editor-at-Large, Frank Kane, and his guest panellists for expert analysis of the most hotly-contested – and consequential – US Presidential Election in years. Will it be Donald Trump […]

Sponsored by
Investors check prices at Oman's stock exchange. OQ Base Industries is due to list in December

OQ’s methanol unit is latest in Oman’s privatisation push

OQ Base Industries is to sell up to 49 percent of its shares through an initial public offering in Oman – the fourth flotation of an OQ subsidiary since March 2023. The Omani state oil company raised OR748.8 million ($1.94 billion) in October by offloading a 25 percent stake in its upstream subsidiary OQ Exploration […]