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Citigroup Inc. is hiring after 13 year absence

25 October 17 - RE+D Magazine
Citigroup Inc. is hiring after 13 year absence

COMPANIES

IBI Group

Consultant - GREECE

ETAD.A.E.

Public entity - GREECE

Solum Property Solutions

Consultant - GREECE

Savills

Consultant - GREECE

PEOPLE

Antulio Richetta

Director IBI Group
Citigroup Inc. plans to hire about 20 bankers in Saudi Arabia and start operations by the end of the year after receiving an investment banking license for the kingdom in April, according to Bloomberg.

 

The U.S. lender is returning to Saudi Arabia after a 13-year absence.

The lender lost its license when it sold its stake in Samba Financial Group in 2004.

Saudi Arabia is becoming more attractive to foreign lenders as it overhauls its economy and plans to list Saudi Arabian Oil Co., or Aramco, in what could be the largest-ever initial public offering.

The New York-based bank tried unsuccessfully to return to the country in 2006 and 2010.

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