Citigroup Obtains License to Establish Regional Headquarters in Riyadh

Citigroup Inc. (C) received approval from the Ministry of Investment Saudi Arabia (MISA), which allows the bank to open its regional headquarters in Riyadh, per an internal memo obtained by Reuters. Fahad Aldeweesh, CEO of Citigroup Saudi Arabia, highlighted the importance of this development in the memo, stating, “This marks a significant leap forward for our franchise in Saudi Arabia, and we look forward to our continued growth in the kingdom.”As part of Crown Prince Mohammed bin Salman's initiatives to d ...