Emirates NBD opens new branches in Saudi Arabia

New branches of Emirates NBD KSA will have the new banking technology.
Updated 06 April 2017
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Emirates NBD opens new branches in Saudi Arabia

Emirates NBD KSA has received an approval from Saudi Arabian Monetary Agency (SAMA) to open three new branches in Riyadh, Jeddah and Alkhobar, in addition to its Riyadh main branch.
Loai Abduljawad, CEO of Emirates NBD KSA, said: “We would like to give our deepest thanks and appreciation to our great leaders in Saudi Arabia, the minister of finance and the governor of SAMA for their efforts and support in providing their approval for the opening of the three new branches of Emirates NBD in Saudi Arabia.”
He added: “This approval enhances the strategic plan for Emirates NBD that aims to expand and offer exceptional opportunities and chances in this amazing economic growth in the Kingdom.”
The new branches of Emirates NBD KSA will have the new banking technology. This is to ensure a distinct level of services and products, in addition to the ability to facilitate customer access to their accounts in any branch in Saudi Arabia by electronically linking all branches across the Kingdom.
Given that the branches will be the bank’s main points of contact with clients, Emirates NBD KSA has chosen locations depending on the population density, the expected volume of business and the area needs based on customer thresholds.


AHG denies link with Al-Habtoor Trading Enterprises

Updated 16 January 2019
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AHG denies link with Al-Habtoor Trading Enterprises

Al-Habtoor Group (AHG) has clarified that the group and all its divisions, including Habtoor Hospitality (Habtoor Hotels) have no link or relationship of any kind with Al-Habtoor Trading Enterprises (HTE) and its owner Rashid Al-Habtoor.

This is following news released in major Indian and Middle Eastern media about a potential acquisition of the Leela Group of Hotels in India (Hotel Leela venture) by Rashid Al-Habtoor, founder and owner of Al-Habtoor Trading Enterprises.

A spokesperson for Al-Habtoor Group said: “We feel obligated to clarify that Al-Habtoor Group in all its divisions and Al-Habtoor Trading Enterprises are two separate entities. Habtoor Hospitality, commonly known as Habtoor Hotels, is owned solely by Al-Habtoor Group in the UAE and overseas.”

“... Any actions or business decisions taken by Al-Habtoor Trading Enterprises or any of their associates are their sole responsibility, and Al-Habtoor Group is not liable under any circumstance for any damages or liabilities arising directly or indirectly from Al-Habtoor Trading Enterprises business ventures.”