Mitsubishi UFJ Financial Group Inc. co-head Elyas Algaseer . (MUFG)
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Mitsubishi UFJ Financial Group Inc. is looking to hire in Saudi Arabia as the lender seeks to benefit from privatizations valued at more than $350 billion over the next five years.MUFG, as the bank is known, is set to become the first Japanese lender to start full banking operations in the world's biggest oil exporter after obtaining approval from the kingdom's central bank.MUFG, which currently manages its Saudi business from Dubai, was one of the lead arrangers on a $10 billion syndicated loan deal with the kingdom's government last year.The bank also helped Saudi Arabia raise $17.5 billion in the biggest-ever bond sale from an emerging-market nation last October.
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