
INTERNATIONAL - Citigroup has been granted a license to set up a branch of Citibank at Abu Dhabi Global Market (ADGAM), a financial centre in Abu Dhabi, it said on Tuesday.
The new branch will provide liquidity management to Citi’s clients looking to establish regional treasury centres in the United Arab Emirates, as well as offering institutional banking services to its global clients, it said.
Citi is expanding in the United Arab Emirates where it has provided wholesale and retail banking since 1964, and in neighbouring Saudi Arabia where it plans to apply for a full banking license.