Dec 19 2011 |
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Attijariwafa Bank set to start DIFC operations
DUBAI -- Attijariwafa Bank Middle East, the subsidiary of the Attijariwafa Bank Group, has been granted a Category 4 Licence to operate from the Dubai International Financial Centre, or DIFC, as a Dubai Financial Services Authority (DFSA) authorised and regulated entity."We are pleased to welcome Attijariwafa Bank Middle East, which joins our DIFC community of over 900 companies including 19 of the top 25 global banks. DIFC is not just a cornerstone of the Dubai and UAE economies but is also the Centre for attracting investment and supporting the growth of economies across the entire region. DIFC has already become a core element of the region's banking and financial sector and we are determined to continue growing as a global financial hub," DIFC Authority CEO Abdulla Mohammed Al Awar said.
Attijariwafa Bank Group is the largest bank in Morocco and one of the leading financial institutions in Africa. The group has an international dimension with a presence in 23 countries worldwide and notably enjoys an unmatched network in North and Sub-Saharan Africa where it operates in 12 countries through fully-controlled licenced local banks and subsidiaries.
"The team will leverage on local market knowledge and expertise to offer M&A advisory, capital markets and restructuring services" said Omar Ben Hallam, senior executive officer and managing director of the company.
Attijariwafa Bank Middle East's board of directors is chaired by Chakib Erquizi, the group's head of market activities, and composed of Mohamed El Kettani (chairman and CEO), Boubker Jai (Co-CEO), Ben Hallam and Bennis.
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