Citi appoints Wassim Al-Khatib as Citi Saudi Arabia CEO

Dubai: Citi has appointed of Wassim Al-Khatib as CEO of its Saudi operations.

He will report to Linos Lekkas, Head of Citi’s Corporate & Investment Banking-Central & Eastern Europe, Middle East and Africa, and Carmen Haddad, Vice Chairperson-Citi Middle East & Country Officer-Citi Saudi Arabia.

Al-Khatib joins from National Commercial Bank (NCB) and NCB Capital where he had spent 15 years, lately as Managing Director and Head of NCB Capital’s Investment Banking. "Saudi Arabia is a critical component of Citi’s Middle East strategy and is an essential growth market for Citi globally," said Haddad. 

In April 2017, the (CMA) granted Citi a license to provide investment banking, debt and equity capital market services, and securities research capabilities. CSA also advises on debt and equity raising structuring and restructuring.