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MUFG plans hires in Saudi Arabia to tap US$350b privatisation

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MUFG is set to become the first Japanese lender to start full banking operations in Saudi Arabia, the world's biggest oil exporter. It plans to open a branch in Riyadh as early as next year.

Dubai

MITSUBISHI UFJ Financial Group Inc is looking to hire in Saudi Arabia as the bank seeks to benefit from privatisations valued at more than US$350 billion over the next five years.

"We are planning to start expansion in Saudi Arabia by hiring 20 people," said Elyas Algaseer,

sentifi.com

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