Citi's presence in the UAE began in 1964 when the reputable company opened its doors in Dubai and then Abu Dhabi.
Since then, the company has become known for continually providing quality and cutting-edge financial services and products in the market of UAE. Read on if you’re keen to learn more about Citibank UAE, its foundation, locations, structure, services, and more.
Overview
Here is a quick overview of Citibank UAE:
| Founded: | 1964 |
|---|---|
| Headquarters: | Citibank U.A.E. Al Wasl Branch Dubai United Arab Emirates |
| Industry: | Financial services and banking |
| Services: | Retail banking, private banking investment banking, credit cards, e-brokerage, commercial banking, financial analysis |
| Official Website: | https://www.citibank.ae/ |
Foundation
Originally established in NYC back in 1812 and currently headquartered in NYC, Citibank is a multinational financial services company with over 100 million clients across 98 countries and a revenue of almost $72 billion in 2021.
Founded in 1964 and headquartered in Dubai, Citibank UAE (سيتي بنك in Arabic) is the company's division that operates in the United Arab Emirates.
Following authorization by the Dubai Financial Services Authority to work as an authorized entity, Citibank launched its regional Middle East office in Dubai International Financial Centre (DIFC) in 2006.
Locations
There are 3 branches of Citibank UAE in the country:
- Dubai, United Arab Emirates – Al Wasl Branch, Sheikh Rashid Road, Next to Wafi City – Dubai – United Arab Emirates
- Abu Dhabi, United Arab Emirates – Al Khyeli building – Al Manhal Street – Zone 1 – Abu Dhabi – United Arab Emirates
- Sharjah, United Arab Emirates – Electronics – City Center Sharjah, Al Wahda Street, Ground Floor, next to Emax – Al Wahda St – Sharjah – United Arab Emirates
Services
There are multiple products that Citibank UAE provides to its clients, including retail banking, private banking, investment banking, credit cards, e-brokerage, commercial banking, and financial analysis.
Since 2015, Citibank UAE has had a requirement for retail banking clients to maintain a minimum balance of 35,000 AED – or multi-currency AED equivalent – for a basic checking/current account with a debit card. Citibank UAE also charges 1 percent of the traded amount for each transaction plus 0.2 percent annual custody fees based on the assets’ average balance in custody (charged quarterly).
Structure
To help you find out more about who is in charge of Citibank UAE, we’ve listed Citibank’s leadership team below, including their names, positions, and biographies:
Also check out the following list to learn more about the board of directors of Citigroup:
| Name | Position | Biography |
|---|---|---|
| Ellen M. Costello | Former President, Chief Executive Officer, BMO
Financial Corporation, and Former U.S. Country Head, BMO Financial
Group |
https://www.citigroup.com/citi/about/leaders/ellen-costello-bio.phpl |
| Grace E. Dailey | Former Senior Deputy Comptroller for Bank Supervision Policy and Chief National Bank Examiner, Office of the Comptroller of the Currency (OCC) | https://www.citigroup.com/citi/about/leaders/grace-dailey-bio.phpl |
| Barbara Desoer | Former Chief Executive Officer, Citibank, N.A. | https://www.citigroup.com/citi/about/leaders/barbara-desoer-bio.phpl |
| John C. Dugan | Chair, Citigroup Inc. | https://www.citigroup.com/citi/about/leaders/john-dugan-bio.phpl |
| Jane Fraser | Chief Executive Officer Citi | https://www.citigroup.com/citi/about/leaders/jane-fraser-bio.phpl |
| Duncan P. Hennes | Co-Founder and Partner of Atrevida Partners, LLC | https://www.citigroup.com/citi/about/leaders/duncan-hennes-bio.phpl |
| Peter Blair Henry | Dean Emeritus and W. R. Berkley Professor of Economics
and Finance New York University Stern School of Business |
https://www.citigroup.com/citi/about/leaders/peter-henry-bio.phpl |
| S. Leslie Ireland | Former Assistant Secretary for Intelligence and Analysis, U.S. Department of the Treasury, and National Intelligence Manager for Threat Finance, Office of the Director of National Intelligence | https://www.citigroup.com/citi/about/leaders/s-leslie-ireland-bio.phpl |
| Renée J. James | Founder, Chair and CEO, Ampere Computing | https://www.citigroup.com/citi/about/leaders/renee-james-bio.phpl |
| Gary M. Reiner | Operating Partner, General Atlantic LLC | https://www.citigroup.com/citi/about/leaders/gary-reiner-bio.phpl |
| Diana L. Taylor | Former Superintendent of Banks, State of New York | https://www.citigroup.com/citi/about/leaders/diana-taylor-bio.phpl |
| James S. Turley | Former Chairman and CEO, Ernst & Young |
https://www.citigroup.com/citi/about/leaders/james-turley-bio.phpl |
Customer Support
If you have any inquiries, you can use both phone and email to get in touch with the customer support team of Citibank UAE:
- Phone number for Citigold clients: +971 4 311 4653
- Phone number for others: +971 4 311 4000
- Email: [email protected]
Also check out:
