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Citigroup said to be in talks for Saudi Arabia bank licence

Published Wed, Mar 1, 2017 · 09:50 PM

London

CITIGROUP Inc is in advanced discussions for a banking licence in Saudi Arabia, returning after a more than 10-year absence from the kingdom, as the bank looks for ways to capitalise on financial reforms, according to people familiar with the matter.

The New York-based bank has started sounding out potential staff in expectation that the licence application will succeed, the people said, asking not to …

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