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RIYADH, Saudi Arabia—When Citigroup Inc. shut down operations in Saudi Arabia after Sept. 11, 2001, authorities officers right here felt betrayed. For years after, the Saudis snubbed Citi as executives realized they’d made a mistake and tried to rebuild their enterprise.
Twenty years later, the third-biggest U.S. financial institution has once more discovered favor within the kingdom as one of many international lenders serving to Crown Prince Mohammed bin Salman modernize its oil-heavy economic system.
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