Please update your browser.
J.P. Morgan in Saudi Arabia
Local expertise. Global resources. Our commitment to Saudi Arabia.
We are the only U.S.-headquartered financial institution with two operating licenses in Saudi Arabia, providing access to a comprehensive range of products and global banking capabilities for clients in the country. We are regulated by the Saudi Arabian Monetary Authority and the Capital Market Authority.
We have a committed and long-standing history of serving clients in the Middle East for over 100 years. Today, we operate across offices in Abu Dhabi, Beirut, Cairo, Doha, Dubai, Manama and Riyadh.
Globally, through the JPMorgan Chase Foundation, we make philanthropic investments in cities where we have major operations, assisting those at a disadvantage by helping them build better lives for themselves, their families and their communities. Across EMEA, the firm focuses its investment and attention on three pillars: Economic Development, Financial Empowerment and Workforce Readiness.
J.P. Morgan is a global leader in financial services, offering solutions to the world's most important corporations, governments and institutions in more than 100 countries. As announced in 2020, JPMorgan Chase will deploy $2 billion in philanthropic capital around the world by 2025. We also lead volunteer service activities for employees in local communities by utilizing our many resources, including those that stem from access to capital, economies of scale, global reach and expertise.
Islamic Banking
J.P. Morgan is dedicated to developing products and services that observe and respect Sharia-compliant ethical principles. Our main goal is to provide Islamic banking solutions to clients with increasingly sophisticated financing needs.
By leveraging the firm's unique structuring platform, J.P. Morgan has developed a range of Sharia-compliant products to address the needs of this growing market. Our Sharia-compliant product offering today spans debt and equity capital markets, investor products, cash management and Murabaha liquidity products, risk management and asset management funds.
Our Local History
With a legacy dating back to 1799, we have a history of demonstrating leadership during times of both economic growth and financial instability. Below you will find major milestones from the firm’s history in Saudi Arabia. The institutions listed in the timeline are several examples of the over 1,200 predecessors that make up today’s JPMorgan Chase.
- 1933: Guaranty Trust Company helps U.S.-based oil companies strengthen operations in Saudi Arabia.
- 1950s: Chase Manhattan Bank’s David Rockefeller, the future CEO and chairman, is closely involved in reforming Saudi Arabian finance as one of the founders of the Saudi Arabian Monetary Agency (SAMA) in the 1950s. Chase serves as a major depository for SAMA for many years.
- 1975: The Saudi Arabian Monetary Agency establishes a merchant bank in London (the Saudi International Bank) to serve as the premier bank for Saudi Arabian investments and activities and calls upon Morgan Guaranty Trust Company to provide management services. Morgan Guaranty receives a 20% interest in the new bank.
- 2006: J.P. Morgan opens an office in Riyadh.
- 2012: The firm opens a branch in Riyadh, where products across the Corporate & Investment Bank and Markets & Investor Services are offered. At this time, the firm is the only U.S. headquartered bank in Saudi Arabia.
- 2016: J.P. Morgan leads the largest emerging market bond sale in history, helping Saudi Arabia to tap the international debt market for the first time, with a US$16.5 billion debt issue.
You're now leaving J.P. Morgan
J.P. Morgan’s website and/or mobile terms, privacy and security policies don’t apply to the site or app you're about to visit. Please review its terms, privacy and security policies to see how they apply to you. J.P. Morgan isn’t responsible for (and doesn’t provide) any products, services or content at this third-party site or app, except for products and services that explicitly carry the J.P. Morgan name.