14 Hrs
Source:
الاقتصادية
City Raises 40B for Saudi Clients
The article focused on Citi Bank's expansion in the Saudi market, highlighting the bank's direct exposure to the Kingdom since the start of the Iran-Saudi Arabia conflict. It successfully raised more than $40 billion for its Saudi clients since the beginning of the year. Despite geopolitical tensions, Citi continued to strengthen its activities and decided to increase its exposure limits in the Saudi market after observing its economy and financial robustness, considering the Kingdom a high-priority market. Saudi fundraising activities, such as issuing bonds and sukuk worth billions of dollars, have attracted the attention of international investors. Meanwhile, the Kingdom continues to diversify its sources of funding and pursue plans to increase listings and asset sales as part of its strategy to reduce reliance on external financing.
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