JPMorgan’s Regional Headquarters and Nine Decades of Banking Presence
Jamie Dimon, Chief Executive Officer of JPMorgan Chase, the world’s largest bank by market capitalization, announced during the conference the establishment of a new regional headquarters license for the kingdom—a milestone underscoring Wall Street’s commitment to expanded operations in Saudi Arabia. The announcement coincided with celebrations marking JPMorgan’s 90th anniversary in the kingdom, an occasion marked by a gala hosted by Dimon in Riyadh, attended by Saudi Finance Minister Mohammed al Jadaan, Saudi Investment Minister Khalid Al-Falih, and Amin Nasser, CEO of Saudi Aramco. ​
In an exclusive interview with Al Arabiya during the summit, Dimon articulated JPMorgan’s strategic outlook. “We have invested $14 billion in Saudi Arabia,” Dimon stated, adding that “peace in the Middle East will boost investor confidence in Saudi Arabia and the Gulf.” His comments reflected a broader sentiment among global financial leaders: regional stability and geopolitical equilibrium directly correlate with capital inflows and long-term investment confidence.​