‘Gold­man Sachs eyes Saudi eq­ui­ties li­cence’

New Straits Times - - Business World -

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.

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