Goldman Sachs, which advises clients on more than $1tril of investments, applied to own and trade Saudi Arabian stocks directly after rules were changed last month, two people with knowledge of the plan said.
Bloomberg News reports that the bank is seeking a qualified foreign investor permit from the Capital Markets Authority in the world’s biggest oil-exporting nation, the people said, asking not to be identified because the information isn’t public.
Goldman is considering applying for a permit, though hasn’t yet submitted an application, another person familiar with the matter said.
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