UAE-based Emirates NBD, a leading banking group in the Middle East, North Africa and Turkey (MENAT) region, has opened the First Non-Saudi Bank Branch in Makkah.
It is 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.
The new local branch in Makkah will be led by dedicated and experienced teams providing a full offering of banking solutions including Retail, Priority and Private Banking, together with Business and Wholesale Banking solutions to Saudi-based individuals and businesses across the western region.
The branches also incorporate Emirates NBD’s award-winning proposition with a modern, digital-driven design, convenient self-service banking solutions and a personalized advisory area.
“Our significant and growing network in the Kingdom reflects our commitment to the Kingdom of Saudi Arabia and support for Vision 2030. 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.”
“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. We will also continue to serve and support the economic ambitions of Saudi individuals and businesses as the Kingdom forges ahead in its plans for economic transformation,” said Mr. Naser Yousef, CEO, of Emirates NBD KSA.
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 through its investment banking arm, Emirates NBD Capital KSA.