Evercore Inc. has obtained an arranging license from the Saudi Capital Markets Authority and opened a new office in Riyadh, positioning the firm to provide independent advisory services across the Kingdom.
The arranging license allows Evercore to act as a local arranging agent for public offerings and other securities transactions, a key regulatory step that enables the firm to serve Saudi clients directly and comply with local disclosure and registration requirements. The license also signals the Saudi regulator’s confidence in Evercore’s conflict‑free advisory model, which is increasingly sought by companies pursuing Vision 2030‑driven diversification projects.
Evercore’s move into Riyadh follows a decade‑long presence in the Middle East, beginning with a Dubai office in 2017. The expansion aligns with Saudi Arabia’s push to attract foreign investment and develop non‑oil sectors, creating a growing demand for independent financial advice on mergers, acquisitions, and capital‑raising initiatives. By establishing a local footprint, Evercore aims to capture a share of the Kingdom’s projected $200 billion in private‑sector capital‑raising over the next five years.
The Riyadh office will be led by Mohammed Aldekmary, who joined Evercore in May 2025 from its Dubai office. Aldekmary brings extensive experience in investment banking, government advisory, and financial services across the Middle East, and will serve as the local CEO and head of arranging. His appointment underscores Evercore’s commitment to building a strong, regionally focused team.
Matthew Lindsey‑Clark, co‑head of Evercore’s EMEA investment banking business, said the expansion “represents a priority growth area for Evercore and reinforces our strong presence in the Middle East.” Aldekmary added that the new office “provides an opportunity to deliver high‑quality, conflict‑free advice to clients in Saudi Arabia as the Kingdom continues to diversify its economy.”
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