DUBAI: Citigroup’s corporate and investment banking revenue for its Saudi Arabia business has “nearly tripled” since returning to the Kingdom in 2018, a senior executive said on Thursday.
Citi obtained a capital markets license in 2017, allowing it to return to the Kingdom in 2018 after a 13-year absence. It has advised Saudi Aramco on its $29.4 billion listing in 2019, in what was the world’s biggest initial public offering, as well as on several sovereign and corporate bond deals. “We have seen record growth in our year-on-year revenue from corporate and investment banking over the last two years,” Rizwan Shaikh, head of Citi’s EMEA emerging markets corporate banking told Reuters on the sidelines of a conference.
Citi s corporate and investment banking revenue from Saudi nearly tripled
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
EMEA markets continue to show resilience
khaleejtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from khaleejtimes.com Daily Mail and Mail on Sunday newspapers.