Global finance firms including JPMorgan and Deutsche Bank are allowing Saudi Arabia-based staff to work from home after a series of Houthi strikes heightened security concerns in the kingdom, three people familiar with the matter have told Reuters.
US investment firm Franklin Templeton has temporarily closed its Riyadh office and asked all staff based there to work from home until further notice, one of the people said. No end date has been set for the new working arrangements.
The moves are in response to escalating Houthi strikes on Saudi Arabia over the past week, including an attack on the headquarters of oil giant Saudi Aramco on Tuesday and an earlier strike on King Khalid International Airport in Riyadh on Saturday.
