riyadh resistance

Some global finance firms are resisting Saudi Arabia’s HQ rule

Moelis, Rothschild and Evercore opened offices in Riyadh but haven't gotten the headquarters licenses qualifying them to win government contracts

Elisa Schu/picture alliance via Getty Images

Riyadh's financial district

Some of Wall Street’s dealmakers are keeping Dubai as their main Gulf base despite Saudi Arabia’s push to bring regional headquarters to Riyadh. 

Moelis, Rothschild, PJT Partners and other so-called boutique firms have opened offices in Riyadh but...