Saudi Arabia IBD information--Riyadh, etc.?
So I've been doing some research and investment banking in Saudi Arabia (Riyadh seems to be the place, possibly also Jeddah?) seems pretty interesting. Is there anybody who has experience with this who wouldn't mind dropping some knowledge on me? The Saudi Arabia stuff I found through search on this site is pretty sparse.
1) Do I need to know arabic, or is most business conducted in english?
2) Any particular firms in the area that wouldn't mind taking interns with past ibd - m&a & also corp fin/dev experience? I'd want to get a taste of working there before I even consider a long-term career there.
2a) If so, any firms you guys wouldn't mind sharing? I'm only able to find BB's and like one or two national firms.
3) Do they even want analysts?
Other details I've read up on seem pretty good, so I'm actually genuinely interested in finding out more about this as graduation approaches next year. I appreciate any information you guys have. Have a great weekend.
Best,
BankingWaffle






also interested. guess they
also interested.
guess they should have shit loads of $ to pay
Relevant: http://www.mergersa
Relevant:
http://www.mergersandinquisitions.com/investment-b...
Angus Macgyver
Relevant:
http://www.mergersandinquisitions.com/investment-banking-saudi-arabia/
Thanks for bringing that up, but I'm happy to say that I've read that already. I was hoping for some more up-to-date information, or particularly information on how to break in. That guy did a lateral to Saudi Arabia so he has significant experience; any insight on how analysts would fare would be greatly appreciated.
Cheers.
Not sure about boutiques, but
Not sure about boutiques, but I have a bit of experience interviewing in the Middle East and here are a few points, albeit entirely anecdotal:
- Most places look for summer analysts, rarely hire FT analysts. You typically start as an associate
- For instance, I know a summer from Dubai that ended up at MS London for full time
- PE is practically non-existent. They're looking for lifers and exit opps are rarely discussed
- As expected, deal teams are tiny as per deal flow
- Don't expect a 9-5 just because they have less deal flow. You still grind it out through weekends, all nighters, etc.
- In my personal opinion, I think networking at BB's has a lot less of an impact. Recruiting is handled in London and that's where all the HR staff are
- Summer programs start around June
That being said, why you'd want to work/live in Saudi Arabia is beyond me.
I just did a few updates in
I just did a few updates in the WSO Company Database, so a few more Saudi firms will be there if you checked already
I work here...sup
WSO Company Database | WSO Job Board
[email protected]
I started the MENA region
I started the MENA region monkeys group, so we can gather all the information in one place.
http://www.wallstreetoasis.com/group/mena-region-m...
Yeah, mostly BB's, Mizuho,
Yeah, mostly BB's, Mizuho, and Rasmala. I guess it makes sense that the IBD in Saudi isn't as ridiculous as let's say NYC. I'll give Rasmala a shot but otherwise I better look elsewhere for now. Thanks though.
Cheers.
I joined the PE team of one
I joined the PE team of one of the biggest banks in the middle east based in Saudi (Riyadh) as an analyst straight out of undergrad (i had to go through a banking training program) around a month ago. We'r a small team (around 4). Work Sat-wed, 8:30am to 5pm. Biggest PE firm in saudi is Amwal alkhaleej and Although PE is pretty new around here i believe it has good potential, theres plenty of cash around.
Most business is conducted in english. Pretty much majority of the banks here have investments arms, biggest local banks are: Samba financial group, NCB, SABB, Al Rajhi Bank. There's also other international banks such as Standard charter, deutsche bank, JPmorgan, morgan stanley.
for more about PE in Saudi, google "Fadi Arbid, CEO of Amwal AlKhaleej interview at wharton"
you might want to check this out too:
http://jobs.efinancialcareers.com/job-400000000097...
oh yeah there's also Shuaa
oh yeah there's also Shuaa capital, Barclays Capital, Credit Suisse and swiscorp.
najifa wrote: I joined the PE
I joined the PE team of one of the biggest banks in the middle east based in Saudi (Riyadh) as an analyst straight out of undergrad (i had to go through a banking training program) around a month ago. We'r a small team (around 4). Work Sat-wed, 8:30am to 5pm. Biggest PE firm in saudi is Amwal alkhaleej and Although PE is pretty new around here i believe it has good potential, theres plenty of cash around.
Most business is conducted in english. Pretty much majority of the banks here have investments arms, biggest local banks are: Samba financial group, NCB, SABB, Al Rajhi Bank. There's also other international banks such as Standard charter, deutsche bank, JPmorgan, morgan stanley.
for more about PE in Saudi, google "Fadi Arbid, CEO of Amwal AlKhaleej interview at wharton"
you might want to check this out too:
http://jobs.efinancialcareers.com/job-4000000000979043.htm
What's the compensation like at the analyst levels?
CNB90 wrote: najifa wrote: I
I joined the PE team of one of the biggest banks in the middle east based in Saudi (Riyadh) as an analyst straight out of undergrad (i had to go through a banking training program) around a month ago. We'r a small team (around 4). Work Sat-wed, 8:30am to 5pm. Biggest PE firm in saudi is Amwal alkhaleej and Although PE is pretty new around here i believe it has good potential, theres plenty of cash around.
Most business is conducted in english. Pretty much majority of the banks here have investments arms, biggest local banks are: Samba financial group, NCB, SABB, Al Rajhi Bank. There's also other international banks such as Standard charter, deutsche bank, JPmorgan, morgan stanley.
for more about PE in Saudi, google "Fadi Arbid, CEO of Amwal AlKhaleej interview at wharton"
you might want to check this out too:
http://jobs.efinancialcareers.com/job-4000000000979043.htm
What's the compensation like at the analyst levels?
Chek his link. It shows compensation.
However my question is reguarding the ''rule of law''. Are you protected somewhat when you're an expat? Or you can get arrested for any reason?
Abdel wrote: CNB90
I joined the PE team of one of the biggest banks in the middle east based in Saudi (Riyadh) as an analyst straight out of undergrad (i had to go through a banking training program) around a month ago. We'r a small team (around 4). Work Sat-wed, 8:30am to 5pm. Biggest PE firm in saudi is Amwal alkhaleej and Although PE is pretty new around here i believe it has good potential, theres plenty of cash around.
Most business is conducted in english. Pretty much majority of the banks here have investments arms, biggest local banks are: Samba financial group, NCB, SABB, Al Rajhi Bank. There's also other international banks such as Standard charter, deutsche bank, JPmorgan, morgan stanley.
for more about PE in Saudi, google "Fadi Arbid, CEO of Amwal AlKhaleej interview at wharton"
you might want to check this out too:
http://jobs.efinancialcareers.com/job-4000000000979043.htm
What's the compensation like at the analyst levels?
Chek his link. It shows compensation.
However my question is reguarding the ''rule of law''. Are you protected somewhat when you're an expat? Or you can get arrested for any reason?
That comp is for VP's, doesn't say anything for analysts.
CNB90 wrote: Abdel
I joined the PE team of one of the biggest banks in the middle east based in Saudi (Riyadh) as an analyst straight out of undergrad (i had to go through a banking training program) around a month ago. We'r a small team (around 4). Work Sat-wed, 8:30am to 5pm. Biggest PE firm in saudi is Amwal alkhaleej and Although PE is pretty new around here i believe it has good potential, theres plenty of cash around.
Most business is conducted in english. Pretty much majority of the banks here have investments arms, biggest local banks are: Samba financial group, NCB, SABB, Al Rajhi Bank. There's also other international banks such as Standard charter, deutsche bank, JPmorgan, morgan stanley.
for more about PE in Saudi, google "Fadi Arbid, CEO of Amwal AlKhaleej interview at wharton"
you might want to check this out too:
http://jobs.efinancialcareers.com/job-4000000000979043.htm
What's the compensation like at the analyst levels?
Chek his link. It shows compensation.
However my question is reguarding the ''rule of law''. Are you protected somewhat when you're an expat? Or you can get arrested for any reason?
That comp is for VP's, doesn't say anything for analysts.
Well, at the top of the page:
CompensationUS$100000 - US$250000 per annum + Competitive Basic + Bonus + Carry
Abdel wrote: CNB90
I joined the PE team of one of the biggest banks in the middle east based in Saudi (Riyadh) as an analyst straight out of undergrad (i had to go through a banking training program) around a month ago. We'r a small team (around 4). Work Sat-wed, 8:30am to 5pm. Biggest PE firm in saudi is Amwal alkhaleej and Although PE is pretty new around here i believe it has good potential, theres plenty of cash around.
Most business is conducted in english. Pretty much majority of the banks here have investments arms, biggest local banks are: Samba financial group, NCB, SABB, Al Rajhi Bank. There's also other international banks such as Standard charter, deutsche bank, JPmorgan, morgan stanley.
for more about PE in Saudi, google "Fadi Arbid, CEO of Amwal AlKhaleej interview at wharton"
you might want to check this out too:
http://jobs.efinancialcareers.com/job-4000000000979043.htm
What's the compensation like at the analyst levels?
Chek his link. It shows compensation.
However my question is reguarding the ''rule of law''. Are you protected somewhat when you're an expat? Or you can get arrested for any reason?
That comp is for VP's, doesn't say anything for analysts.
Well, at the top of the page:
CompensationUS$100000 - US$250000 per annum + Competitive Basic + Bonus + Carry
I wanted specifics.
@Abdel Being American or
@Abdel Being American or Europpean will most of the time give you an advantage. U'll get higher salaries as well. I cant really comment on compensation as i'm out of a banking program that pays me and the guy with me who goes to Corproate banking dep or commerical or Risk the same base salary. And as this's my 2nd month i dont know much about the bonuses structure. My plan is to stick here for 2-3 years then try to move to Abu Dhabi, dubai or Qatar.
Comp would be pretty much
Hi BankingWaffle, I'm a Saudi
Greed is Good.
konig wrote: Hi
long time reader... Konig, I
what are the top 2IB's ur
Abdel wrote: konig wrote: Hi
Cheers.
@ bankingwaffle, most
Okay...time for post 2.0 on
Cheers.
Hi guys Sorry for the haitus
Greed is Good.
konig: Hi guys Sorry for the
Cheers.
I really like the enthusiasm
Greed is Good.
This seems fairly risky, I'm
@BananaBoy: Yup. Bigger
Greed is Good.
konig: note(2): Samba Capital
najifa: konig: note(2):
Greed is Good.
konig: najifa: konig: not
najifa: konig: najifa:
Greed is Good.
haha Olaya street, miss that
konig: najifa: konig: n
Cheers.
jpmoranmonkeysachs: haha
Greed is Good.
BankingWaffle: konig: naj
Greed is Good.
konig: jpmoranmonkeysachs:
wow. thank you, konig.
najifa: konig: jpmoranmon
Greed is Good.