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04 Apr 2018, Gergana Bencheva, EMIS Editor

SocGen eyes large deals in Saudi Arabia in 2018

French banking group Societe Generale (SocGen) expects to be involved in large deals in Saudi Arabia in 2018 as it boosts its expansion in the Middle East region, Arabian Business reported citing the bank's CEO for the area, Richad Soundardjee.

He underlined that Riyadh was the group’s “next big thing” as it has reached a level of dialogue with the local government that allowed it to be more optimistic for the future. The bank also plans to announce six new appointments in the Middle East and has created four new positions in its regional hub in Dubai.

Currently, Saudi Arabia is attracting attention of the world's biggest banks thanks to its economic transformation and diversification, Arabian Business reminded.

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