Riyadh – Senior officials from Citi, led by CEO Jane Fraser, have recently concluded a successful three-day visit to Saudi Arabia.
The delegation called on key government officials, regulators, and select clients. The meetings were opportunities to reiterate Citi’s commitment to supporting its clients in the region’s largest economy.
The visit is the first by Ms. Fraser to the Kingdom since taking on the CEO role earlier this year.
“Many of our clients see significant opportunities in Saudi Arabia, which is becoming an increasingly important global economy,” she said. “Accelerating economic integration and diversification are key to Saudi’s plans to continue to build an economy and a society in which all its citizens thrive. We support the country’s bold Vision 2030.”
The visit concluded with a session on leadership and diversity with more than 50 top female leaders and members of the Young Leaders Advisory Board (YLAB) at Saudi Aramco. Ms. Fraser shared her personal experiences in business with the group.
Citi has been present in Saudi Arabia since 2018, when The Saudi Arabian Capital Market Authority granted the bank a license to provide a range of investment banking, capital markets, markets, and research services to its local and international clients.
In 2019, Citi joined Tadawul, the Saudi Stock Exchange, and expanded its Direct Custody and Clearing services to Saudi Arabia. Most recently, Citi signed a memorandum of understanding with Saudi Arabia’s Ministry of Finance to explore the possibility of joining the country’s Primary Dealers’ Programme for local government debt instruments.
(Photo Caption: Jane Fraser addressing Aramco’s YLAB Members)
