VOL. XLVII
No 02
12-January-2004
REGIONAL BANKING
SAUDI ARABIA/OMAN
Saudi American Bank Renamed Samba; Citigroup Closes Oman Operations
The Saudi American Bank, the second largest bank in Saudi Arabia, at the end of December 2003 officially changed its name to Samba, the abbreviation by which it was often previously known. The bank announced the change with advertisements in local newspapers, saying that the name Samba reflects the close relation between the bank and its clients. The move follows...
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