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SOURCE: Reuters
Black Rock, the world's largest fund manager, has opened an office in Saudi Arabia and is pursuing plans to seize the opportunities offered by Vision 2030.
A spokeswoman for Riyadh said the Riyadh office was recently opened and headed by Yazid al-Mubarak, who previously worked for Morgan Stanley and Jadwa Investment.
Investors and economists largely follow Black Rock, which manages $ 6.4 trillion in assets, which affects many publicly traded companies around the world.
Plans to open an office in Saudi Arabia were announced in 2017 when Riyadh began diversifying the kingdom's economy and reducing its dependence on oil.
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