Reported about 8 hours ago
Citigroup has opened a regional headquarters in Riyadh, marking a significant step for Wall Street banks deepening their ties with Saudi Arabia and its sovereign wealth fund. The bank chose the Kingdom Tower for its HQ, aiming to provide strategic management across the Middle East and North Africa. This move aligns with CEO Jane Fraser’s recent appointment as co-chair of the US-Saudi Business Council, reinforcing Citi’s commitment to the region's growth and investment climate.
Source: YAHOO