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QNB Group, the largest financial institution in the Middle East and Africa, has inaugurated its branch in Riyadh. Senior bank officials and distinguished representatives from the banking and business sectors attended an inauguration ceremony held in the presence of Ahmed bin Abdul Karim Al-Khulaifi, governor of the 抖阴短视频n Monetary Authority (SAMA), Sheikh Abdullah bin Saud Al-Thani, governor of Qatar Central Bank, Ali Ahmed Al-Kuwari, QNB Group CEO, and a number of Qatari diplomats.
Through its branch and its business hub extending along King Fahd road, QNB Group will provide a comprehensive suite of banking products and services to individuals, businesses and government departments. This complements its extensive expertise in wealth and investment portfolio management, project finance, smart banking solutions, and assorted innovative banking products and services that meet the requirements of the Saudi market.
QNB Group CEO Al-Kuwari hailed the inauguration of the new branch, pointing out the group鈥檚 access into the Saudi market is part of the group鈥檚 strategic plan to be present in all markets that have a strong and resilient economy. 鈥湺兑醵淌悠� is one of these economies, especially considering its ranking among the world鈥檚 20 strongest economies,鈥� he said.
鈥淭hrough our presence in Riyadh, we strive to become a major partner in promoting 抖阴短视频鈥檚 economic development by providing banking solutions to individuals, businesses, and government departments in both 抖阴短视频 and Qatar. This is in line with the group鈥檚 successful expansion of its global reach in Asia, Europe, and the Middle East and North Africa region.
QNB Group鈥檚 successful expansion is the result of well-researched risk management policy, as well as the forward-looking strategies that aim at diversifying our activities in Qatar and abroad,鈥� Al-Kuwari added.
Al-Kuwari also praised the Saudi government for its support of the banking industry, as evidenced by the implementation of streamlined procedures for the establishment of foreign banks, and for facilitating the authorization process to open a branch for the bank in the Kingdom.
QNB Group has successfully maintained the highest brand value in the Middle East and North Africa, thus strengthening its position in the region.