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HSBC Boosts Saudi Investment Banking Team Amid Flurry of Deals

  • Hires five bankers in kingdom, moves Dubai-based MD to Riyadh
  • Economic reforms have led to a surge in dealmaking activity
Riyadh, Saudi Arabia

Riyadh, Saudi Arabia

Photographer: Simon Dawson/Bloomberg

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HSBC Holdings Plc has hired at least five bankers in Saudi Arabia in recent months and moved one of its Dubai-based managing directors to Riyadh to help handle a surge in dealmaking activity in the biggest Gulf economy.