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Goldman Sachs in Talks for Saudi Arabian Equities License

  • U.S. bank said to hold preliminary discussions with regulators
  • Goldman Sachs has yet to file an application for the license

Goldman Sachs Group Inc. is in preliminary talks for an equities license in Saudi Arabia as the U.S. lender seeks to take advantage of the country’s economic reforms, according to people familiar with the matter.

The bank has yet to file a formal application, the people said, asking not to be identified as the information is private. While talks are ongoing, no final decisions have been made, the people said. The bank may also decide against going ahead with the submission, they said.