Moody's Corporation announced yesterday that it has established a regional headquarters (RHQ) in Riyadh, Saudi Arabia, reflecting Moody's ongoing commitment to support the development of the Kingdom's capital markets and economy. This investment aligns with the Kingdom's Vision 2030 initiative, and underscores its dynamism and growth.
The new RHQ marks an expansion of Moody’s presence in Saudi Arabia, where the company first opened an office in 2018, and reflects its longstanding commitment to the Middle East.
The headquarters will strengthen Moody’s engagement with Saudi institutions and enable broader access to Moody’s decision-grade data, analytics and insights, the global credit rating agency said in a statement.
“Our decision to establish a regional headquarters in Riyadh reflects our confidence in Saudi Arabia’s strong economic momentum, as well as our commitment to helping domestic and international investors unlock opportunities with our expertise and insights,” said Mr Rob Fauber, President and CEO of Moody’s. “We are well-positioned to provide the analytical capabilities and market intelligence that investors and institutions need to navigate evolving markets across the Middle East.”
Mr Mahmoud Totonji will lead the RHQ as General Manager. He brings extensive experience in establishing and growing financial institutions across the Gulf Cooperation Council region, including his previous work establishing Moody’s Ratings in Saudi Arabia.