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Brazilian Investment Bank “BTG Pactual” is gearing up to commence its operations in Saudi Arabia after obtaining a banking license in the Kingdom. Mario Cavalieri, the regional director of BTG Pactual in the Middle East, revealed the bank’s plan to open its first branch in the region in the capital city, Riyadh. The branch aims to engage in banking activities and operations to attract Saudi and Gulf investments to Brazil and other Latin American countries. ....
In a seminar at the Arab Brazilian Chamber headquarters, a representative of the Brazilian bank spoke about the Riyadh office’s activities and attracting Arab investment to Brazil and Latin America. ....