Dec 12 (Reuters) - Goldman Sachs ( GS ) named Omar

Alzaim as chief executive officer of its operations in Saudi

Arabia, according to a memo seen by Reuters on Thursday.

Alzaim joined Goldman in 2021 as an executive director and

was named managing director in 2023. Previously he was at HSBC

Saudi Arabia.

In May, Goldman received a license to set up its regional

headquarters in Riyadh. Citigroup ( C/PN ) has also received

approval to establish its regional headquarters in the city.

Alzaim will continue to serve as head of investment banking

for Goldman in Saudi Arabia, the memo added.