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BlackRock to Open Saudi Office as Fink Scouts for Mideast Deals

  • Asset manager was a “substantial investor” in Aramco bond
  • Leading financiers gathering in Riyadh for financial summit
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BlackRock Inc. plans to open an office in Saudi Arabia as the world’s largest asset manager seeks investment opportunities in the kingdom and wider Middle East.

“The changes in Saudi Arabia are pretty amazing,” Chief Executive Officer Larry Fink said at a financial summit in Riyadh on Wednesday. “We are looking at many different opportunities as an investor and we are working with the region in terms of helping them diversify their portfolios outside the region.”