Emirates NBD has opened a branch in Khobar, giving it a presence in the hydrocarbon-rich East of Saudi Arabia.
The Dubai-based bank now has a presence in the three major cities of Riyadh, Jeddah and Khobar.
“Our presence in Saudi is integral to Emirates NBD’s growth strategy as we continue to explore opportunities in the GCC,” said Hesham Abdulla Al Qassim, vice-chairman and managing director, Emirates NBD.
“Saudi is in the midst of a landmark economic transformation and we look forward to continuing to support Saudi individuals and businesses looking for a trusted banking partner.”
Emirates NBD KSA provides a range of retail, private, business and wholesale banking services.
Through Emirates NBD Capital KSA, its investment banking arm, it offers corporate finance advisory, project and syndicated finance services.
In 2004, Emirates Bank International became the first international bank to obtain a licence to operate in the Kingdom of Saudi Arabia.