Citigroup Said in Talks for Saudi Arabia Banking License
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Business, Social Studies
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is Citigroup's move to re-enter Saudi Arabia considered significant?
They are partnering with Saudi Aramco.
They exited the market in 2004 and are returning amidst major reforms.
They are the first foreign bank to enter the market.
They have acquired a local bank.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What strategy has Citigroup employed to explore opportunities in Saudi Arabia?
They have launched a new product line.
They have acquired a Saudi company.
They have created an internal task force.
They have partnered with local banks.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role did Citigroup play in Saudi Arabia's financial market recently?
They launched a new digital banking service.
They acquired a stake in Saudi Aramco.
They opened a new branch in Riyadh.
They led a major bond issuance.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How might Saudi Prince bin Talal's stake in Citigroup benefit the bank?
It offers tax exemptions.
It allows exclusive access to Saudi Aramco.
It provides connections to the royal family.
It guarantees a banking license.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which other international bank is also seeking a banking license in Saudi Arabia?
HSBC
Goldman Sachs
Barclays
Credit Suisse
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