You are here

Citigroup faces Saudi setback with arrest of billionaire backer

BT_20171107_SYCITI7_3164390.jpg
The prince's arrest is "likely to make things more difficult for Citigroup in Saudi due to companies and individuals being cautious of any association", says a banker

London

CITIGROUP Inc may face new obstacles to rebuilding its Saudi Arabia business after the bank's longstanding shareholder and promoter was arrested in an anti-corruption drive.

Prince Alwaleed bin Talal, the 62-year-old Saudi billionaire, was detained by authorities on Saturday

sentifi.com

Market voices on:

Powered by GET.comGetCom