From Zacks Investment Research: 2025-05-05 14:08:00

The Bank of New York Mellon (BK) has secured a license from the Ministry of Investments to establish a regional headquarters in Saudi Arabia, aligning with the country’s Vision 2030 to diversify the economy and attract foreign companies. BK’s expansion follows similar moves by Goldman Sachs and Citigroup, aiming to capitalize on Saudi Arabia’s growing economy. BNY Mellon has been actively expanding in foreign markets through growth initiatives like acquisitions and new services. BK’s stock has gained 6.6% in the last six months while carrying a Zacks Rank #3 (Hold).



Read more at Zacks Investment Research: BNY Mellon Obtains Regional Headquarters License in Saudi Arabia – May 5, 2025