Manama: Gulf International Bank (GIB) announced the inauguration of its new operations centre in Al Khobar, which was inaugurated by His Royal Highness Prince Saud bin Nayef Al Saud, Governor of Eastern Province.
The opening ceremony was attended by His Excellency Rasheed Al Maraj, Governor of the Central Bank of Bahrain, His Excellency Dr. Ahmed bin Abdulkarim Alkholifey, Governor of the Saudi Arabian Monetary Agency, other government officials and leaders from business and the financial services.
The 33,316 square metre state-of-the-art building is spread over five ergonomically designed floors and supported by a smart technology environment. Currently, there are more than 500 people employed at the centre with provision for development and expansion.
In launching the centre, His Highness praised GIB’s modern technology, saying it lived up to the goals of the Kingdom's 2030 vision. He noted the importance of developing new offerings and using modern technology to improve services and hoped that the centre would achieve its ambitions and provide the best services to its customers.
The new operations centre marks another milestone in the GIB’s broader expansion strategy and follows the successful conversion of the Bank’s existing Saudi branches into a fully-fledged local bank in 2019.
GIB has been operating in Saudi Arabia for over 20 years and five years ago it launched its personal digital banking service ‘meem’, offering individuals innovative and Sharia-compliant products.
About Gulf International Bank Saudi Arabia
Gulf International Bank Saudi Arabia (GIB Saudi Arabia) provides retail, corporate and institutional customers across the Kingdom of Saudi Arabia with a comprehensive offering of banking and financial services covering wholesale banking, asset management, investment banking and retail banking service via meem by GIB.
The Bank, which is the first to be headquartered in the Eastern Province, has branches in Dhahran, Riyadh and Jeddah, and was established as a local Saudi bank in April 2019 after having operated in the Kingdom for nearly 20 years as foreign branches of the pan- GCC Gulf International Bank (GIB). The Bank, during this time, has been a pioneer in the local market, having launched its "meem" digital banking services in 2015, making it the first digital bank in the region providing Shariah-compliant products for retail customers.
GIB Saudi Arabia is regulated by the Saudi Arabian Monetary Authority (SAMA) and has been established with a paid-up capital of SR7.5 billion. It is owned equally by GIB and the Saudi Public Investment Fund (PIF).
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© Press Release 2020