RIYADH: Global risk assessment firm Moody’s Corp. announced on Feb. 18 the establishment of a new regional headquarters in Riyadh, aiming to deepen the company’s presence in Saudi Arabia.
According to a press release, the company said that the move underscores its commitment to supporting the development of the Kingdom’s capital markets and broader economy.
Saudi Arabia launched the Regional Headquarters Program to encourage multinational companies to establish operations in the Kingdom.
More than 600 foreign companies have established their regional bases in Saudi Arabia since the launch of the initiative , including Morgan Stanley, PepsiCo, PwC, and Deloitte.
Rob Fauber, president and CEO of Moody’s, said: “Our decision to open a Regional Headquarters in Riyadh reflects our confidence in the strong economic momentum in Saudi Arabia, as well as our commitment to helping local and international investors seize opportunities with our expertise and analysis.”
