DUBAI- State-owned Trade Bank Iraq has opened a branch in Saudi Arabia, its first international outlet, the bank said in a statement on Thursday.

"The wholly government-owned bank, which holds an 80 percent market share in Iraq, has opened its first international branch office in the Al-'Olayya District of Riyadh and will start its operations soon," the statement said.

(Reporting by Maher Chmaytelli; Writing by Tuqa Khalid; Editing by Jan Harvey) ((Tuqa.Khalid@thomsonreuters.com; +971521047568;))