We support our Publishers and Content Creators. You can view this story on their website by CLICKING HERE.

Lazard Inc. became the latest Wall Street firm to comply with Saudi Arabia’s ultimatum for foreign firms to set up their Middle Eastern base in the kingdom, months after larger rival Goldman Sachs Group Inc. secured a similar license.

The New York-based firm has received a so-called regional headquarters license from the Saudi Ministry of Investment, according to people familiar with the matter, who asked not to be identified as the information is private.