JPMorgan Sells Stake in Saudi Investment Bank

Posted on 06/24/2018


JPMorgan Chase & Co. is one of the largest foreign banks in Saudi Arabia. The banking giant is the only U.S. lender which has both an investment and commercial banking license in the kingdom. JPMorgan, through its unit J.P. Morgan International Finance Ltd., unveiled plans to sell its 7.49% ownership stake in Saudi Investment Bank […]