Citibank took more than a decade to regain favor in Saudi Arabia after the bank left the kingdom post 9/11. Now, Citi is applying for a full Saudi banking license
RIYADH, Saudi Arabia—When Citigroup Inc. shut down operations in Saudi Arabia after, government officials here felt betrayed. For years after, the Saudis snubbed Citi as executives realized they had made a mistake and tried to rebuild their business.
Two decades later, the third-biggest U.S. bank has again found favor in the kingdom as one of the foreign lenders helping Crown Prince Mohammed bin Salman
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