Emirates NBD inaugurates 1st non-Saudi bank branch in Makkah

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mirates NBD opened the first non-Saudi bank branch in Makkah, signalling the next step in a planned expansion of 20 branches throughout the Kingdom announced in 2019, which will result in a total network of 24 outlets.

The expansion into the western region also demonstrates Emirates NBD’s continued confidence in the Saudi economy, according to a press release on Thursday.

Abdulla Qassem, Group COO, Emirates NBD, said: “Our exclusive presence in the Holy Capital of KSA makes our network in the Kingdom one of the largest outside the UAE and will enable access to our customers and provides them with our integrated package of banking services to the largest number of businesses and individuals across the Kingdom.”

Naser Yousef, CEO, Emirates NBD KSA, added: “Emirates NBD’s investment in a robust full-fledged branch network across the Kingdom’s key provinces strengthens our offering to individuals and corporates [...] We aim to continue to enhance our offering and expand our presence by leveraging our digital banking expertise, award-winning solutions and extensive franchise in KSA’s key trade markets.”

Noteworthy to mention, Emirates NBD’s full-fledged offering in Saudi Arabia includes retail banking and wealth management services and trade finance in addition to corporate finance advisory and project and syndicated finance.

Source:Mubasher