​Lazard Saudi Arabia Company had requested the approval to amend its business profile by adding the activities of Managing Private Non-Real-Estate Invesmnet Funds and Managing Sophisticated Investor Portfolios.

The CMA approved the amendment of the Business Profile of Lazard Saudi Arabia Company by adding the activities of Managing Private Non-Real-Estate Invesmnet Funds and Managing Sophisticated Investor Portfolios. Lazard Saudi Arabia Company is now authorized to conduct Managing Private Non-Real-Estate Invesmnet Funds, Managing Sophisticated Investors Portfolios, and arranging activities.