{"id":81763,"date":"2025-10-28T09:21:32","date_gmt":"2025-10-28T06:21:32","guid":{"rendered":"https:\/\/gulftech-news.com\/en\/?p=81763"},"modified":"2025-10-28T09:21:34","modified_gmt":"2025-10-28T06:21:34","slug":"chair-of-the-board-and-chief-executive-officer-of-citi-jane-fraser-inaugurates-regional-headquarters-office-in-saudi-arabia","status":"publish","type":"post","link":"https:\/\/gulftech-news.com\/en\/2025\/10\/28\/chair-of-the-board-and-chief-executive-officer-of-citi-jane-fraser-inaugurates-regional-headquarters-office-in-saudi-arabia\/","title":{"rendered":"Chair of the Board and Chief Executive Officer of Citi Jane Fraser Inaugurates Regional Headquarters Office in Saudi Arabia"},"content":{"rendered":"\n<p><strong><em>Launches Future-Ready Youth Employment and Skills Program in the Middle East and North Africa<\/em><\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>New Regional Headquarters:\u00a0Citi officially opened its new Regional Headquarters (RHQ) Office at Kingdom Tower in Riyadh, Saudi Arabia, on\u00a0October 25, 2025.<\/strong><\/li>\n\n\n\n<li><strong>Regional Headquarters Licence: This move follows Citi receiving its RHQ license in\u00a0November 2024 and aligns with Saudi Arabia&#8217;s initiative encouraging companies to establish a regional headquarters.<\/strong><\/li>\n\n\n\n<li><strong>Youth Employment Program:\u00a0The Citi Foundation also announced a\u00a0$500,000 grant\u00a0to NGO Education for Employment to extend its &#8220;Future-Ready Youth Employment and Skills Program&#8221; across the MENA region.<\/strong><\/li>\n<\/ul>\n\n\n\n<p><strong><a href=\"https:\/\/www.citigroup.com\/global\">Citi<\/a><\/strong> announced the official opening of its new Regional Headquarters in Riyadh, Saudi Arabia, located at Kingdom Tower.<br><br>Citi formally received its license for the Regional Headquarters from the Ministry of Investment and the Ministry of Commerce in November 2024, aligning with Saudi Arabia\u2019s initiative encouraging multinational companies to establish a regional headquarters in the Kingdom.<br><br>The ribbon-cutting ceremony was attended by His Excellency Eng. Khalid A. Al-Falih, Minister of Investment, and H.E. Eng. Ibrahim Al-Mubarak, Assistant Minister of Investment in Saudi Arabia, alongside top Citi officials, including Jane Fraser, Chair of the Board and Chief Executive Officer of Citi, Naveed Kamal, CEO Citicorp Regional HQ, and Fahad Aldeweesh, Citi Country Officer and Banking Head of Saudi Arabia.<br><br>\u201cThe Middle East is one of the most dynamic regions in the world, and Saudi Arabia sits at the heart of that transformation,\u201d said <strong>Jane Fraser, Chair of the Board and Chief Executive Officer, Citi<\/strong>. \u201cEstablishing a regional headquarters here in Riyadh reflects both our confidence in the Kingdom\u2019s momentum and our commitment to being close to the clients driving that change.\u201d<br><br>The new RHQ will provide strategic direction and management functions to Citi\u2019s branches and subsidiaries across the Middle East and North Africa (MENA) region.<br><br>In January 2025, Citi announced the appointment of Naveed Kamal as the Chief Executive Officer (CEO) of Citi\u2019s new legal entity in the Kingdom of Saudi Arabia.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Future-Ready Youth Employment &amp; Skills Program<\/strong><\/h2>\n\n\n\n<p>At the opening ceremony, the Citi Foundation also announced a $500,000 grant to Education for Employment (EFE), a leading youth employment organization in MENA. Citi Foundation funding will support EFE\u2019s work to scale specialized employability training with a focus on digital and green skills expected to serve more than 700 youth across five MENA countries. At least 280 youth are anticipated to be directly connected to jobs placements following completion of training.<\/p>\n\n\n\n<p>\u201cThe new Citi Foundation grant to support EFE\u2019s programming is a testament to over a decade of collaboration and commitment to close the skills gap across MENA for low-income youth. This grant, part of the Citi Foundation&#8217;s Global Innovation Challenge, directly addresses the urgent demand for future-proof talent by empowering youth with the digital and green skills critical for navigating the region&#8217;s economic and environmental transitions,\u201d said <strong>Fahad Aldeweesh, Citi Country Officer and Banking Head of Saudi Arabia.<\/strong><br><br>\u201cFor the participants, including those in Saudi Arabia and their peers across Algeria, Morocco, Tunisia, and the UAE, EFE&#8217;s market-driven training cultivates not just job readiness, but the resilience and innovative mindset needed to drive sustainable growth and build impactful careers. This strategic $500,000 grant from the Citi Foundation helps ensure these youth become catalysts for a more competitive, green, and equitable future.&#8221;<\/p>\n\n\n\n<p>\u201cAt EFE, we are deeply committed to addressing the profound challenge of youth unemployment in the MENA region, and Citi Foundation&#8217;s enduring support is critical to this mission. This grant, under the banner of the Global Innovation Challenge, allows us to expand our proven model equipping low-income youth with the very digital and green skills that are defining the future of work,\u201d said <strong>Andrew Baird, President and CEO, EFE-Global.<\/strong><\/p>\n\n\n\n<p>\u201cWe&#8217;re not just providing training; we&#8217;re fostering environmental awareness, promoting sustainable practices, and creating direct pathways to employment in sectors vital for the region&#8217;s economic resilience and green growth. This funding from the Citi Foundation truly empowers these young people to become active participants and leaders in shaping a more sustainable and prosperous future.\u201d<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Launches Future-Ready Youth Employment and Skills Program in the Middle East and North Africa New Regional Headquarters:\u00a0Citi officially opened its new Regional Headquarters (RHQ) Office at Kingdom Tower in Riyadh, Saudi Arabia, on\u00a0October 25, 2025. Regional Headquarters Licence: This move follows Citi receiving its RHQ license in\u00a0November 2024 and aligns with Saudi Arabia&#8217;s initiative encouraging &hellip;<\/p>\n","protected":false},"author":2,"featured_media":81764,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[3652],"class_list":["post-81763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-citi-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chair of the Board and Chief Executive Officer of Citi Jane Fraser Inaugurates Regional Headquarters Office in Saudi Arabia - Gulf Tech News<\/title>\n<meta name=\"description\" content=\"Chair of the Board and Chief Executive Officer of Citi Jane Fraser Inaugurates Regional Headquarters Office in Saudi Arabia\" \/>\n<meta name=\"robots\" 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