Largest bank in UAE First Abu Dhabi Bank (FAB) has expanded its operations in Saudi Arabia with the opening of a branch in Al Khobar. This is as per the plan to support promising opportunities in the Kingdom and strengthen its presence across the region.
The new branch joins Riyadh to give the bank an on-ground presence in two regions of Saudi Arabia and the bank’s international network spans five continents. This enables the lender to use its global relationships, expertise and financial strength to support local, regional and international businesses seeking to do business at home and abroad.
“The opening reflects the bank’s growth ambitions and commitment to evolving its corporate banking footprint and expanding its retail banking services in markets with the highest growth potential” said Abdulhamid Saeed, the Group Chief Executive Officer of FAB.
Mr. Abdul Hakim Al-Ammar Al-Khaldi, Chairman of Asharqia Chamber of Commerce, Mr. Mohammed Abdullah Al-Neaim, Head of Saudi Arabian Monetary Authority in Dammam, Mr. Layth Saleh Al-Shaiban, Country CEO of FAB KSA, along with other members of the bank’s senior leadership were present during the ribbon cutting ceremony.