BNP Paribas receives Saudi regional headquarters licence

​BNP ​Paribas (BNPP.PA) has ‌received a regional ​headquarters licence in ‌Saudi Arabia, the Saudi state news agency reported ‌on Tuesday.

Saudi Arabia ‌has pushed multinational companies to relocate their regional ⁠headquarters ​to ⁠Riyadh in recent years ⁠as part of efforts ​to position the capital ⁠as a leading financial ⁠hub. ​The government has said companies without ⁠a Riyadh headquarters risk losing ⁠access ⁠to state contracts.