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Citigroup faces Saudi setback with arrest of billionaire backer

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


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...

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