Emirates NBD Expands Operations in KSA
Emirates NBD, a leading banking group in the region, has broadened operations in the Kingdom of Saudi Arabia (KSA). The bank recently inaugurated its first branch in Jeddah and introduced strategies to soon open a branch in Khobar and a 2nd branch in Riyadh, making KSA Emirates NBD's largest branch network outside the UAE and Egypt.
Leveraging the bank's digital capacities and strong franchise across KSA's key trade markets, Emirates NBD KSA supplies full-fledged services across retail, private, business and wholesale banking. It also uses company money advisory, project and syndicated finance through Emirates NBD Funding KSA, the bank's investment banking arm.
" Our visibility in KSA leverages the UAE's strong economic, monetary and business ties with the Kingdom," claimed Hesham Abdulla Al Qassim, Vice-Chairman and Managing Director of Emirates NBD. "As Saudi turn out its transformative Vision 2030 strategy, we are happy to grow our connection and continue to support Saudi individuals and companies looking for a trusted banking partner.
KSA stands for the largest economy in the GCC and the nation's economic program is expected to increase advancement and boost capital and trade flows throughout the region. Emirates NBD is the initial non-Saudi bank to have a significant branch network across the Kingdom. The UAE-based bank likewise runs in Egypt, India, Singapore, and the UK with representative workplaces in China and Indonesia.
Eng. Loai Hassan Abduljawad, Chief Executive Officer of Emirates NBD KSA, added "Our increased impact will enable us to forge stronger on-ground relationships with specific and corporates in KSA aiming to spend and trade throughout the MENA region and past. We are committed to delivering worth and contributing to the lasting advancement of the Kingdom's economy."
He further added, "To accommodate KSA's digital-savvy population, the Jeddah branch has been created in line with the bank's viewpoint of including high tech with high touch, supplying both self-service and assisted banking solutions, powered by digital technology. The branch will certainly provide the complete collection of Emirates NBD's prize-winning retail and company banking services and services, including funding assistance to SME clients, a key industry of the Saudi economy, as part of the nation-wide Kafala program."
Image Caption: L-R Shayne Nelson, Group CEO of Emirates NBD, Suvo Sarkar Senior Executive Vice President & Group Head Retail Banking & Wealth Management, Emirates NBD, Hesham Abdulla Al Qassim, Vice-Chairman and Managing Director of Emirates NBD, Eng. Loai Hassan Abduljawad, CEO of Emirates NBD KSA, Abdulla Qassem, Group Chief Operating Officer of Emirates NBD
