Riyadh – US-based large fund manager, BlackRock, has announced the opening of an office in Saudi Arabia, Reuters reported on Wednesday.

The office will be headed by Yazeed Almubarak, a former official at Morgan Stanley and Saudi bank Jadwa Investment.

BlackRock is the world's largest asset manager with $6.84 trillion in assets under management as of June 2019.

Source: Mubasher

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