‘Goldman Sachs eyes Saudi equities licence’

NEW YORK: Goldman Sachs Group Inc is in preliminary talks for an equities licence in Saudi Arabia as the United States lender seeks to take advantage of the country’s economic reforms. The bank had yet to file a formal application, said sources. While talks were ongoing, no final decision had been made, they added. The bank might also decide against going ahead with the submission, they said. A Goldman Sachs representative declined to comment.