ADCB expands banking business to Saudi with new Riyadh branch

ADCB expands banking business to Saudi with new Riyadh branch

Abu Dhabi Commercial Bank (ADCB) has obtained the approval of the Saudi Council of Ministers for a license to operate a banking business in the Kingdom. ADCB will leverage its strong balance sheet and sophisticated corporate banking capabilities to support a growing client base, and contribute to the deepening of regional economic relationships. The Bank intends […]Abu Dhabi Commercial Bank (ADCB) has obtained the approval of the Saudi Council of Ministers for a license to operate a banking business in the Kingdom.

ADCB will leverage its strong balance sheet and sophisticated corporate banking capabilities to support a growing client base, and contribute to the deepening of regional economic relationships.

The Bank intends to fulfill all technical and regulatory requirements stipulated by the Saudi Central Bank (SAMA) before commencing operations from a new branch in Riyadh.

ADCB will provide a comprehensive range of services for corporate and institutional clients, including financing and working capital solutions, mandated by a Foreign Banking Branch license.

Ala’a EraiqatGroup CEO – ADCB

“This is a proud milestone for ADCB, and we value the support provided by the authorities in Saudi Arabia. The Bank’s decision to establish a presence in the Kingdom aligns with the accelerated expansion of our business. As a major financial