Citi Gets Investment Banking Go Ahead for Saudi Arabia

Posted on 01/31/2018


Saudi Arabia’s Capital Market Authority (CMA) issued a commencement letter to Citigroup Inc. The letter formally permits the U.S bank to start an investment banking business in Saudi Arabia. In April 2017, Citigroup received a capital markets license. In December 2017, Citigroup hired Majed Al Hassoun to head investment banking in Saudi Arabia. Al Hassoun […]