Citigroup plans hiring drive as it re-enters Saudi Arabia

RIYADH (Reuters) – Citigroup wants to hire up to 20 bankers in Saudi Arabia, where it plans to formally begin operations in the first quarter after obtaining an investment banking license in the kingdom, a senior executive said.Saudi Arabia’s economic reform program would create investment banking opportunities through privatizations and by encouraging more savings by the population, Carmen Haddad, chief executive officer of Citi Saudi Arabia, told Reuters

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