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

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, the lender's co-head in the Middle East and North Africa. "That will go up to 60 in three to five years in line with our expectations of the growth in business."