For the first time.. an Iraqi bank launches a qualitative financial leap in Saudi Arabia

[yota691]

For the first time.. an Iraqi bank launches a qualitative financial leap in Saudi Arabia

• Time: 03/18/2023 11:17:16
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• Read: 1,781 times

  

{Economic: Al Furat News} The National Bank of Iraq announced today, Saturday, the official start of its business in the Kingdom of Saudi Arabia, pointing out that this privilege is happening for the first time in Iraq’s financial history, as it is a “financial leap” and the bank can now provide its services and innovative solutions to the corporate sector in Saudi Market.

 

The National Bank of Iraq said in a statement, which {Euphrates News} received a copy of, that it "participated in the second edition of the financial sector conference, which started on the 15th and 16th of this March, at the King Abdulaziz International Conference Center in Riyadh."

 

He pointed out that "the Governor of the Central Bank of Saudi Arabia, Ayman bin Muhammad Al-Sayari, handed over a certificate of practicing banking business to the CEO of the National Bank of Iraq in the Kingdom of Saudi Arabia, Zaid bin Abdulaziz Abunayan, in the presence of the Managing Director of the National Bank of Iraq, Ayman Abu Dahim, and the Executive Vice President of the Capital Bank Group for International Expansions." Nadim Qabbawat, in addition to decision makers in the financial sector and senior executives in financial institutions locally, regionally and internationally.

 

The statement quoted the Managing Director of the National Bank of Iraq, Ayman Abu Dheim, as stressing "the importance of the National Bank of Iraq's presence in this type of international regional conference," explaining that it "will allow the exchange of ideas, experiences and cooperation in all areas that will be discussed during the conference, in addition to communication." And linking up with a group of representatives of leading banks in the region and the world, not to mention opening new horizons for the bank’s work by examining potential business opportunities in the Saudi market.”

 

For his part, the CEO of the National Bank of Iraq in Saudi Arabia, Zaid bin Abdulaziz Abunayyan, expressed his happiness with the bank’s participation in this conference, which is a regional and international platform that reflects the strength of the Kingdom’s economy in the region, as the bank had an opportunity to introduce its services and innovative banking solutions to thousands of participants with a variety of experiences. In various fields of the sector, representatives of leading banks, market specialists and investment leaders from Asia, Europe and North America.

 

Abunayyan explained, "The financial sector conference is a unique opportunity for the National Bank of Iraq to see closely the qualitative leaps achieved by the financial services sector in parallel with the continuous development of business and services in the Kingdom of Saudi Arabia, in addition to the possibility of exchanging opinions and experiences with representatives of the leading banks participating in this conference." ".

[yota691]

For the first time.. an Iraqi bank launches a qualitative financial leap in Saudi Arabia

2023-03-18 03:47

 

 

Shafaq News/ The National Bank of Iraq announced today, Saturday, that it has officially started its business in the Kingdom of Saudi Arabia, pointing out that this privilege is happening for the first time in Iraq's financial history, as it is a "financial leap", and the bank can now provide its innovative services and solutions to the corporate sector in the vital Saudi market. And inspire.

 

The National Bank of Iraq, affiliated to the Jordanian Capital Bank Group, said in a statement, received by Shafaq News Agency, that it "participated in the second edition of the financial sector conference, which started on the 15th and 16th of this March, at the King Abdulaziz International Conference Center in Riyadh." Pointing out that “the Governor of the Central Bank of Saudi Arabia, Ayman bin Muhammad Al-Sayari, handed over a certificate of practicing banking business to the CEO of the National Bank of Iraq in the Kingdom of Saudi Arabia, Zaid bin Abdulaziz Abunayyan, in the presence of the Managing Director of the National Bank of Iraq, Ayman Abu Dahim, and the Executive Vice President of the Capital Bank Group. International Expansion Nadim Qabbat, in addition to decision-makers in the financial sector and senior executives in financial institutions locally, regionally and internationally. 

 

 

 

The statement quoted the Managing Director of the National Bank of Iraq, Ayman Abu Dheim, as stressing "the importance of the National Bank of Iraq's presence in this type of international regional conference," explaining that it "will allow the exchange of ideas, experiences and cooperation in all areas that will be discussed during the conference, in addition to communication." And linking up with a group of representatives of leading banks in the region and the world, not to mention opening new horizons for the bank’s work by examining potential business opportunities in the Saudi market.” 

 

For his part, the CEO of the National Bank of Iraq in Saudi Arabia, Zaid bin Abdulaziz Abunayyan, expressed his happiness with the bank's participation in this conference, which is a regional and international platform that reflects the strength of the Kingdom's economy in the region, as the bank had an opportunity to introduce its services and innovative banking solutions to thousands of participants with a variety of experiences. In various fields of the sector, representatives of leading banks, market specialists and investment leaders from Asia, Europe and North America. 

 

Abunayyan explained, "The financial sector conference is a unique opportunity for the National Bank of Iraq to see closely the qualitative leaps achieved by the financial services sector in parallel with the continuous development of business and services in the Kingdom of Saudi Arabia, in addition to the possibility of exchanging opinions and experiences with representatives of the leading banks participating in this conference." ". 

It should be noted that, in May 2021, the National Bank of Iraq obtained the approval of the Saudi Council of Ministers to open a branch in the Kingdom of Saudi Arabia, in order to encourage and facilitate trade between Iraq and the Kingdom of Saudi Arabia in light of the increasing growth of exports between the two countries, as it will allow the presence of This branch provides an opportunity for the bank to expand the scope of service provided to its corporate clients in Iraq and Saudi Arabia, by providing commercial services to them directly.

[southbeach]

If the Saudis join the BRIC Bank, can Iraq still be made a GCC member state and still be pegged to the dollar?

[yota691]

An Iraqi bank begins its business in Saudi Arabia

Economical  2023/03/19

 

 

 Baghdad: morning

 

Yesterday, Saturday, the National Bank of Iraq officially started its work in the Kingdom of Saudi Arabia.

 

The bank, which is affiliated with the Jordanian Capital Bank Group, said in a statement that it “participated in the second edition of the financial sector conference, which started on March 15 and 16, at the King Abdulaziz International Conference Center in Riyadh,” noting that “the governor of the Saudi Central Bank Ayman bin Muhammad al-Sayyari handed over a certificate of practicing banking business to the CEO of the National Bank of Iraq in the Kingdom of Saudi Arabia, Zaid bin Abdulaziz Abunayyan.

The statement quoted the managing director of the National Bank of Iraq, Ayman Abu Dheim, as stressing "the importance of the presence of the National Bank of Iraq in this type of international regional conference," explaining that it "will allow the exchange of ideas, experiences and cooperation in all areas that will be discussed during the conference, in addition to communication."

 

And linking with a group of representatives of the leading banks in the region and the world, not to mention opening new horizons for the bank’s work by examining potential business opportunities in the Saudi market.” 

 

For his part, the CEO of the National Bank of Iraq in Saudi Arabia, Zaid bin Abdulaziz Abunayyan, expressed his happiness with the bank's participation in this conference, which is a regional and international platform that reflects the strength of the Kingdom's economy in the region, as the bank had an opportunity to introduce its services and innovative banking solutions to thousands of participants with expertise. Diversified across sectors, represented by leading banks, market specialists and investment leaders from Asia, Europe and North America. 

 

Abunayyan explained, "The financial sector conference is a unique opportunity for the National Bank of Iraq to see closely the qualitative leaps achieved by the financial services sector in parallel with the continuous development of business and services in the Kingdom of Saudi Arabia, in addition to the possibility of exchanging opinions and experiences with representatives of the leading banks participating in this conference." ".