Moelis Plans Saudi Hires as ‘Energy Supercycle’ Stirs Gulf Deals
- U.S. investors show growing interest in Saudi assets
- Moelis Vice Chairman Eric Cantor speaks in interview
The Kingdom Tower, center rear, stands as automobile traffic moves along the King Fahd highway, left and Olaya Street, right, in Riyadh, Saudi Arabia.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
Moelis & Co. will soon hire staff in Saudi Arabia as it sees the kingdom attracting more foreign investors and benefiting from an “energy supercycle.”
The boutique financial adviser, founded by Wall Street veteran Ken Moelis, wants to open an office in Riyadh, the Saudi capital, and do more deals as the world’s biggest oil exporter privatizes some companies and the stock market sees a burst of initial public offerings.