Introduction

There is significant movement of European companies, including financial institutions, establishing a presence in Saudi Arabia:

European Union

Over 350 European companies have been granted licenses to move their regional headquarters to Riyadh, according to Ambassador Luigi Di Maio, the European Union’s Special Representative to the Gulf region.

This initiative is part of Saudi Arabia’s goal to attract 480 companies to open regional headquarters by 2030.

The European Union is supporting the establishment of the first European Chamber of Commerce in the Gulf, set to open in Riyadh next May, to assist European companies in establishing and strengthening their presence in Saudi Arabia.

Over 1,300 European companies are currently investing in Saudi Arabia across various sectors, including energy, manufacturing, transportation, and infrastructure.

Conclusion

While the search results don’t specifically mention European banks by name, the large number of European companies moving to Saudi Arabia suggests that some European financial institutions may be among those considering or planning to establish regional headquarters in the country. However, without more specific information, it’s not possible to confirm which particular European banks, if any, are planning such moves.