EVERCORE will open an office in Saudi Arabia, becoming the latest investment bank to expand operations.
Mohammed Aldekmary, who joined Evercore in May, will lead the new office as Chief Executive Officer of Evercore’s Saudi Arabia business. The move comes after New York-based Evercore received its arranging license from the kingdom’s Capital Markets Authority.
He brings over two decades of experience across investment banking, government advisory and financial services, having previously served as senior advisor to H.E. the minister of investment, and held senior roles at The Saudi Investment Bank (Riyadh), Standard Chartered (London) and RBS (London). Earlier in his career, Mr. Aldekmary worked in the consumer products industry, providing him with a broad and diverse perspective.
Mr. Aldekmary has advised on several landmark transactions in Saudi Arabia, with a combined value of over US$ 24 billion. Notable assignments include the Lucid Saudi Arabia project, the Ceer Automotive joint venture, the Aramco–Google Cloud joint venture, the Tuwaiq Casting & Forging joint venture between Dussur, Aramco and Doosan, the Hyundai–Aramco ship engine joint venture, and the aircraft components joint venture between Dussur, SAMI and Figeac Aero.
He holds an MBA and an M.S. in finance from Clark University and is an alumnus of London Business School.
Since he joined Evercore earlier this year, Aldekmary has been spending time in its Dubai office, which opened in 2017, as part of the firm’s Middle East coverage team.
