Citigroup has raised more than $40 billion to serve Saudi customers so far this year. Since the outbreak of the Iran-related conflict, the bank has raised its direct risk exposure to Saudi Arabia and continues to bet on the country as a core growth market. Citibank Saudi Arabia's chief country officer Fahd Aldevish said in an interview that the US bank decided to raise its internal risk exposure limits because Saudi Arabia showed “strong economic resilience and financial resilience.” Despite more than six months of conflict in the region and disturbances caused by Iran's attempt to block shipping in the Strait of Hormuz, Saudi Arabia is still Citi's “high-priority market,” and there is still room for business growth.

Citigroup has raised more than $40 billion to serve Saudi customers so far this year. Since the outbreak of the Iran-related conflict, the bank has raised its direct risk exposure to Saudi Arabia and continues to bet on the country as a core growth market. Citibank Saudi Arabia's chief country officer Fahd Aldevish said in an interview that the US bank decided to raise its internal risk exposure limits because Saudi Arabia showed “strong economic resilience and financial resilience.” Despite more than six months of conflict in the region and disturbances caused by Iran's attempt to block shipping in the Strait of Hormuz, Saudi Arabia is still Citi's “high-priority market,” and there is still room for business growth.