Citi Opens Middle East HQ in Saudi Arabia
Wall Street’s expansion into the Middle East continues with Citi being the latest to name its regional headquarters in Saudi Arabia.
Citi will open its regional headquarters for Middle East and North Africa (MENA) in Riyadh, Saudi Arabia, based in Kingdom Tower, according to a statement, after receiving a license to do so last year. The office will provide strategic direction and management functions to branches across MENA.
«Establishing a regional headquarters here in Riyadh reflects both our confidence in the kingdom’s momentum and our commitment to being close to the clients driving that change,» said Citi CEO Jane Fraser.
