Citigroup returns to Saudi Arabia


RIYADH, Saudi Arabia—When Citigroup Inc. ceased operations in Saudi Arabia after September 11, 2001, government officials 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-largest US bank has once again found favor with the kingdom as one of the foreign lenders helping Crown Prince Mohammad bin Salman modernize his oil-heavy economy.


Wj

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