Business

Emirates NBD, a leading banking group in the Middle East, has expanded its presence in the Kingdom of Saudi Arabia (KSA) with the opening of its initial branch in the city of Khobar in the eastern province. Emirates NBD now covers 3 essential regions in KSA with presence in Riyadh, Jeddah and Khobar.

As KSA advances plans for financial reform, according to its Vision 2030, Emirates NBD's existence improves the expanding economic as well as trade ties between Saudi Arabia and also the UAE. Complying with the facility of the Saudi-Emirati Control Council, the UAE as well as Saudi Arabia lately announced The Strategy of Willpower, a joint vision for economic development with 44 joint tactical jobs within a five-year timeframe.

UAE-based Emirates NBD is the initial non-Saudi financial institution with a significant branch network throughout the Kingdom. Leveraging its digital banking abilities as well as solid franchise in KSA's crucial profession markets, the financial institution uses retail, private, business as well as wholesale banking throughout its network of three full-fledged branches in the Kingdom, in addition to business financing advisory, project and syndicated financing with Emirates NBD Resources KSA, the financial institution's investment financial arm. Emirates NBD additionally runs in Egypt, India, Singapore, and the United Kingdom with depictive offices in China and also Indonesia.

Our presence in Saudi is integral to Emirates NBDs growth strategy as we continue to explore opportunities in the GCC regions largest and most dynamic economy, said Hesham Abdulla Al Qassim, Vice-Chairman and Managing Director of Emirates NBD. Saudi is in the midst of a landmark economic transformation and we look forward to continuing to support Saudi individuals and businesses looking for a trusted banking partner.

Emirates NBD just recently restored its partnership with the Kingdom's Kafalah Program which intends to advertise financing to Little and also Medium Enterprises (SMEs) within the Kingdom of Saudi Arabia.

Eng. Loai Abduljawad, CEO of Emirates NBD KSA, added, "Emirates NBD's expanded network enhances our offering to people and also corporates in KSA planning to invest and also trade throughout the MENA region and past. Our exceptional value proposal, improved the bank's unique high tech + high touch ideology of providing customers a contemporary banking experience matched by personalised advising services, will certainly enable us to reinforce customer purchase in the Kingdom as we remain to sustain the nation's long-lasting development and development goals, as described in Saudi Vision 2030

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