BlackRock Inc, the world’s largest fund manager, has opened an office in Saudi Arabia, pushing ahead with plans to capitalise on the government’s ambitious reform agenda despite global criticism of its human rights record. A company spokeswoman said the Riyadh office had opened recently and is headed by Yazeed Almubarak, who previously worked at Morgan Stanley and Saudi bank Jadwa Investment, according to his LinkedIn page. Chief Executive Larry Fink last year said that BlackRock would not cut ties with the kingdom, which came under pressure over the murder of journalist Jamal Khashoggi.

source https://finance.yahoo.com/news/fund-manager-blackrock-opens-office-141358981.html?.tsrc=rss