State Street Corporation announced on Monday, October 27, 2025, the official launch of its Middle East and North Africa Regional Headquarters (RHQ) in Riyadh, Saudi Arabia. The new hub will host the firm’s regional senior leadership, corporate functions, and a center for innovation and collaboration, underscoring State Street’s long‑term commitment to the Kingdom and the broader MENA market.
The announcement notes that State Street has been serving clients in Saudi Arabia for over 25 years, with assets under custody and/or administration reaching $127 billion and assets under management at $60 billion as of 2024. In 2024, the Saudi Arabia office became the 11th investment center globally for State Street Investment Management, enabling local portfolio management for institutional investors in the Kingdom.
By establishing the Riyadh RHQ, State Street aims to enhance operational efficiency across the MENA region and support talent development aligned with Saudi Arabia’s financial sector goals. The firm’s three‑decade presence in the Middle East, partnership with sovereign wealth funds, pension schemes, central banks, and asset managers, positions the new headquarters as a strategic asset for expanding market share and deepening client relationships in a rapidly growing economic region.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.