Citi receives CMA licence in Saudi Arabia

Dubai: The Saudi Arabian Capital Market Authority (CMA) announced that a licence has been granted to Citi. The business will be branded Citigroup Saudi Arabia and will provide a full range of investment banking, debt and equity capital markets, markets, and securities research capabilities to its local and international institutional clients.

“Saudi Arabia is a regional economic leader and a strategically important market for Citi. We are very proud of our long association with Saudi Arabia and are delighted at the opportunity to establish a presence in the Kingdom,” said Jim Cowles, Citi’s CEO for Europe Middle East and Africa.