J.P. Morgan Saudi Arabia | About us (2024)

Local expertise. Global resources. Our commitment to Saudi Arabia.

About us

We are the only U.S.-headquartered financial institution with two operating licenses in Saudi Arabia, providing access to a comprehensive range of products and global banking capabilities for clients in the country. We are regulated by the Saudi Arabian Monetary Authority and the Capital Market Authority.

We have a committed and long-standing history of serving clients in the Middle East for over 100 years. Today, we operate across offices in Abu Dhabi, Beirut, Cairo, Doha, Dubai, Manama and Riyadh.

Globally, through the JPMorgan Chase Foundation, we make philanthropic investments in cities where we have major operations, assisting those at a disadvantage by helping them build better lives for themselves, their families and their communities. Across EMEA, the firm focuses its investment and attention on three pillars: Economic Development, Financial Empowerment and Workforce Readiness.

J.P.Morgan is a global leader in financial services, offering solutions to the world's most important corporations, governments and institutions in more than 100 countries. As announced in 2020, JPMorgan Chase will deploy $2 billion in philanthropic capital around the world by 2025. We also lead volunteer service activities for employees in local communities by utilizing our many resources, including those that stem from access to capital, economies of scale, global reach and expertise.

Islamic banking

J.P.Morgan is dedicated to developing products and services that observe and respect Sharia-compliant ethical principles. Our main goal is to provide Islamic banking solutions to clients with increasingly sophisticated financing needs.

By leveraging the firm's unique structuring platform, J.P.Morgan has developed a range of Sharia-compliant products to address the needs of this growing market. Our Sharia-compliant product offering today spans debt and equity capital markets, investor products, cash management and Murabaha liquidity products, risk management and asset management funds.

Our local history

With a legacy dating back to 1799, we have a history of demonstrating leadership during times of both economic growth and financial instability. Below you will find major milestones from the firm’s history in Saudi Arabia. The institutions listed in the timeline are several examples of the over 1,200 predecessors that make up today’s JPMorgan Chase.

  • 1933:Guaranty Trust Company helps U.S.-based oil companies strengthen operations inSaudi Arabia.
  • 1950s:Chase Manhattan Bank’s David Rockefeller, the future CEO and chairman, is closely involved in reforming Saudi Arabian finance as one of the founders of the Saudi Arabian Monetary Agency (SAMA) in the 1950s. Chase serves as a major depository for SAMA for many years.
  • 1975:The Saudi Arabian Monetary Agency establishes a merchant bank in London (the Saudi International Bank) to serve as the premier bank for Saudi Arabian investments and activities and calls upon Morgan Guaranty Trust Company to provide management services. Morgan Guaranty receives a 20% interest in the new bank.
  • 2006:J.P.Morgan opens an office in Riyadh.
  • 2012:The firm opens a branch in Riyadh, where products across the Corporate & Investment Bank and Markets & Investor Services are offered. At this time, the firm is the only U.S. headquartered bank in Saudi Arabia.
  • 2016:J.P.Morgan leads the largest emerging market bond sale in history, helping Saudi Arabia to tap the international debt market for the first time, with a US$16.5 billion debt issue.

What problem can we solve together?

J.P. Morgan Saudi Arabia | About us (1)

What problem can we solve together?

J.P. Morgan Saudi Arabia | About us (2)

Payments

Let J.P.Morgan empower your business to thrive by unlocking value from innovative, end-to-end solutions and integrated platforms.

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J.P. Morgan Saudi Arabia | About us (3)

Prime Services

Helping hedge funds, asset managers and institutional investors meet the demands of a rapidly evolving market.

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J.P. Morgan Saudi Arabia | About us (4)

Securities Services

Helping institutional investors, traditional and alternative asset and fund managers, broker dealers and equity issuers meet the demands of changing markets.

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Local presence

J.P.Morgan is the only U.S.-headquartered financial institution with two operating licenses in Saudi Arabia providing access to a comprehensive range of products and global banking capabilities for clients in Saudi Arabia.J.P.Morgan Chase Bank, NA has a banking license and is regulated by theSaudi Central Bank (SAMA) and J.P.Morgan Saudi Arabia Company holds a securities license and is regulated by the Capital Market Authority.

JPMorgan Chase Bank NA, Riyadh Branch

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JPMorgan Saudi Arabia Company

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Contact us

For additional information regarding J.P.Morgan in Saudi Arabia, please contact us:

JPMorgan Chase Bank N.A., Riyadh Branch

Al-Faisalia Tower, Level 25
PO Box 51907 Riyadh 11553
Tel: +966 11 299 3800
Building No: 7277
Postal Code: 12212
Additional No: 3333
Tel: (+966) 11 299 3800
Fax: (+966) 11 299 3830

Complaints

If you have any complaints, please contact us through the following:

  • By post*: Client Complaints Unit, JPMorgan Chase Bank, Riyadh Branch, Al Faisaliah Tower, Floor 25, PO BOX 51907 Riyadh 11553, Saudi Arabia
  • By email*:riyadh_client_escalation@jpmchase.com
  • By phone: +966 11 299 3899

*Please utilize theComplaints Form.

For general inquiries and global media contact information, please visit ourGlobal Contacts.

IMPORTANT LEGAL ENTITY REGULATORY INFORMATION

JPMorgan Chase Bank, N.A. Riyadh Branch – Branch of a Foreign Company, Regulated bySaudi Central Bank.
Commercial Registration No.1010215443 | License No.2031026500

JPMorgan Chase Bank N.A., Riyadh Branch

  • Al-Faisalia Tower, Level 25
    PO Box 51907 Riyadh 11553
    Tel: +966 11 299 3800
    Building No: 7277
    Postal Code: 12212
    Additional No: 3333
    Tel: (+966) 11 299 3800
    Fax: (+966) 11 299 3830

Complaints

If you have any complaint, please contact us through the following:

  • By post*: Client Complaints Unit, JPMorgan Chase Bank, Riyadh Branch, Al Faisaliah Tower, Floor 25, PO BOX 51907 Riyadh 11553, Saudi Arabia
  • By email*:riyadh_client_escalation@jpmchase.com
  • By phone: +966 11 299 3899

*Please utilize theComplaints Form.

J.P.Morgan Saudi Arabia Company(a single shareholder closed joint stock company)

J.P. Morgan Saudi Arabia | About us (2024)

FAQs

Who is the CEO of J.P. Morgan Saudi Arabia? ›

Khalid is the CEO of J.P. Morgan Saudi Arabia Company.

Can Muslims work in J.P. Morgan? ›

Fast-forward a few years, and JPMorgan Chase, along with other industry leaders, are making moves to ensure that Muslims (and all those of varied religious beliefs) feel respected in the workplace.

Is J.P. Morgan in Saudi Arabia? ›

We are the only U.S.-headquartered financial institution with two operating licenses in Saudi Arabia, providing access to a comprehensive range of products and global banking capabilities for clients in the country.

How to answer why J.P. Morgan question? ›

Reputation: JPMorgan Chase is a highly reputable and respected company in the financial industry. Working at such a well-established and successful organization would provide me with valuable experience and opportunities for growth.

What is JPMorgan CEO salary? ›

In an SEC filing seen by Fortune, JPMorgan's board approved a compensation increase from $34.5 million in 2022 to $36 million for 2023. The salary package is made up of a $1.5 million base pay and $34.5 million in performance-based variable incentive compensation.

Who owns most of JPMorgan? ›

Approximately 55.08% of the company's stock is owned by Institutional Investors, 2.99% is owned by Insiders and 41.93% is owned by Public Companies and Individual Investors.

Does J.P. Morgan pay a lot? ›

The bank's highest paying location on average (with enough datapoints) is San Francisco, paying over $200k on average. JPMorgan has historically put some of its most exciting AI jobs in California, which might explain this.

Who are the most powerful people at J.P. Morgan? ›

Operating Committee
  • James Dimon, Chairman of the Board and Chief Executive Officer.
  • Ashley Bacon, Chief Risk Officer.
  • Jeremy Barnum, Chief Financial Officer.

Is it haram to work in an investment bank? ›

PRINCIPLES OF TRADITIONAL INVESTMENT BANKING

In Islamic the concept of interest (riba) is strictly prohibited. So, investment banking which relies on interest based activities is haram.

Is J.P. Morgan an Islamic bank? ›

JP Morgan is one of the first companies which offer its services in the Islamic banking sector in 2013. Standard Chartered Bank through its Islamic banking division, Saadiq, also started to offer Islamic banking products worldwide, such as Asia, Europe, the Middle East, and the USA.

Is there Chase Bank in Saudi Arabia? ›

Below you can find the local branches for JPMORGAN CHASE BANK, N.A. RIYADH in Saudi Arabia.

Which country owns J.P. Morgan? ›

J.P. Morgan & Co. is an American financial institution specialized in investment banking, asset management and private banking founded by financier J. P. Morgan in 1871. Through a series of mergers and acquisitions, the company is now a subsidiary of JPMorgan Chase, one of the largest banking institutions in the world.

How to pass the interview at J.P. Morgan? ›

Stay up to date on the news, both general and firm-specific, so you can speak from a place of knowledge and confidence. Be ready to share specific examples of your previous experience that reflect transferrable skills to the opportunity you are applying for.

What are J.P. Morgan's weaknesses? ›

Weaknesses. Regulatory Challenges: As a global financial institution, JPMorgan is subject to complex and evolving regulatory environments in multiple countries. Compliance with these regulations can be costly and time-consuming, potentially impacting the company's operational efficiency and profitability.

How many interviews does J.P. Morgan have? ›

Nevertheless, the JP Morgan interview process typically consists of two major portions – an automated, virtual first round interview through the HireVue platform, and a second round of behavioral and technical interviews.

Who is the current CEO of JPMorgan? ›

James Dimon (/ˈdaɪmən/; born March 13, 1956) is an American banker and businessman who has been the chairman and chief executive officer (CEO) of JPMorgan Chase since 2006.

Which country owns JPMorgan? ›

J.P. Morgan & Co. is an American financial institution specialized in investment banking, asset management and private banking founded by financier J. P. Morgan in 1871. Through a series of mergers and acquisitions, the company is now a subsidiary of JPMorgan Chase, one of the largest banking institutions in the world.

Who is CFO of JPMorgan? ›

Jeremy Barnum is the Chief Financial Officer of JPMorgan Chase & Co. and a member of the firm's Operating Committee.

Who is the CEO of JPMorgan US Private Bank? ›

David Frame is Chief Executive Officer of J.P. Morgan U.S. Private Bank, one of the largest providers of wealth management services with more than $836 billion in client assets.

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