The Emirates NBD head office building is seen on Baniyas Road in Deira November 19, 2012. Image for illustrative purposes.
REUTERS/Jumana El-HelouehDUBAI Emirates NBD has expanded its operations in Saudi Arabia by opening its first branch in Jeddah and announcing plans to open two other branches elsewhere in the kingdom, Dubai's largest bank said on Monday.
It is the latest foreign bank seeking to expand its presence in Saudi Arabia in anticipation of business stemming from the kingdom's plans to overhaul it economy.
Saudi Arabia will become Emirates NBD's largest branch network outside the United Arab Emirates and Egypt with the opening of the Jeddah branch, a new branch in Khobar and a second branch in Riyadh.
(Reporting by Tom Arnold, editing by Louise Heavens) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))