PHOTO
A sign is displayed in the reception of Goldman Sachs in Sydney, Australia, May 18, 2016. Image for illustrative purpose.
DUBAI, Aug 20 (Reuters) - Saudi Arabia's Capital Market Authority said on Sunday it had approved Goldman Sachs'
GS.N
request to conduct dealing, underwriting and custody services in the kingdom.
The bank was "now authorised to conduct dealing as principal, an agent, an underwriter, managing investment funds, discretionary portfolio management, arranging, advising, and custody activities," the regulator said in a statement.
(Reporting by Tom Arnold; Editing by Andrew Torchia) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))
The bank was "now authorised to conduct dealing as principal, an agent, an underwriter, managing investment funds, discretionary portfolio management, arranging, advising, and custody activities," the regulator said in a statement.
(Reporting by Tom Arnold; Editing by Andrew Torchia) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))
