Billionaire Citigroup Backer Arrested in Saudi Crackdown

The transcript discusses a long-term shareholder's involvement with a bank, focusing on his role in helping the bank regain a banking license lost in 2004. The shareholder, who holds less than 5% of the bank, has been a significant supporter, especially during financial crises. The discussion also covers the bank's operations in Saudi Arabia without a license and the broader support base beyond the shareholder. Despite not having a license since 2004, the bank has managed to conduct approved transactions and is expected to receive a new license soon.

What role did Prince Alwaleed play during Citigroup's financial crises?

• He criticized the bank publicly.

• He provided fresh capital.

• He sold his shares.

• He withdrew his investments.

What is suggested about Citigroup's support base in Saudi Arabia?

• It is not significant for the bank's future.

• It is solely dependent on Prince Alwaleed.

• It is broader than just Prince Alwaleed.

• It is declining rapidly.

What activities has Citigroup been able to conduct in Saudi Arabia without a banking license?

• Opening new branches.

• Issuing new credit cards.

• Arranging bond sales.

• Offering personal loans.

What is the status of Citigroup's banking license in Saudi Arabia?

• It was renewed last year.

• It is currently under review.

• It has been permanently revoked.

• It is expected to be received later this year.

How has Citigroup managed its operations in Saudi Arabia over the past decade?

• By partnering with local banks.

• By reducing its presence in the region.

• By being careful not to cross legal boundaries.

• By ignoring local regulations.