Riyadh – Sharikat Mubasher: Evercore Inc. is expanding its footprint in Saudi Arabia with a new office and senior hire, joining a wave of global advisory firms strengthening their presence in the Kingdom’s booming investment banking scene.

Bloomberg reported that the New York-based firm has appointed Mohammed Aldekmary to lead its Saudi operations, according to people familiar with the matter. Aldekmary, formerly an adviser at the Ministry of Investment, also held roles at the Saudi Investment Bank and the Royal Bank of Scotland.

He will initially be based in Dubai and relocate to Riyadh once Evercore finalizes its local license. His appointment is expected to support the firm’s efforts in advising Saudi clients and international investors targeting the Kingdom.

Evercore’s move underscores growing confidence in Saudi Arabia’s market as it emerges as a regional hub for dealmaking and global capital flows.