Emirates NBD Saudi Arabia participates in Saudi Euromoney Conference 2017

Emirates NBD Saudi Arabia’s pavilion at Saudi Euromoney conference.
Updated 20 May 2017
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Emirates NBD Saudi Arabia participates in Saudi Euromoney Conference 2017

Emirates NBD Saudi Arabia participated in the three-day Euromoney Saudi Arabia Conference in Riyadh earlier this month.
The conference is a significant platform through which the most important factors affecting economic and investment future in Saudi Arabia are viewed and discussed.
It is an important financial conference held annually with the participation of personnel in local and international economic sectors. It reviews investment opportunities in all sectors and efforts to develop the economic movement and provide facilities to all foreign investors.
The conference also discussed investment opportunities to support the business and finance sector including real estate development, construction and housing, and granting facilities to small and medium enterprises (SME) to expand and develop their business.
Loai Hassan Abduljawad, CEO of Emirates NBD Saudi Arabia, said: “Our contribution to the Euromoney Conference coincided with the issued approval for opening three new branches of the bank in Saudi Arabia. Our participation this year was part of our commitment to effectively contribute to the economic growth and advancement of the banking sector based on our experience in this focal and vital sector.”
He added: “It was also to achieve and activate the bank’s strategy to expand and be present in the banking arena in Saudi Arabia to offer local and global banking services and to achieve the desired goals. And all thanks to the Kingdom of Saudi Arabia for the strong economic performance.”
Minister of Finance Mohammed Al-Jadaan and Governor of Saudi Arabian Monetary Agency (SAMA) Ahmed Abdulkarim Al-kholifey visited the bank’s pavilion at the conference.
They congratulated Abduljawad for obtaining the approval for three new branches in the Kingdom.
They acknowledged the bank’s contribution to the economic growth of the banking sector through its professional services to all customers.


ADIB becomes first bank to join UAEIIC

Updated 23 June 2018
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ADIB becomes first bank to join UAEIIC

Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has joined the UAE International Investors Council (UAEIIC), making it the first bank in the UAE to become a member in the council. This comes following an approval from the board of directors of the UAEIIC, headed by Sultan bin Saeed Al-Mansoori, UAE minister of economy.

Through this membership, ADIB will join government decision-makers, locally and internationally, with the support of the UAE’s minster of economy, to help remove obstacles, strengthen foreign investment relations and support sustainable economic development.

Khamis Buharoon, vice chairman and acting CEO at ADIB, said: “We are proud to be the first bank to join the UAE’s Investors Council. We are also committed to the development of Emirati investments, which are critical to economic diversification and the UAE’s global economic competitiveness. Important measures have already been taken to secure support and protection and to overcome any challenges faced by Emirati investors abroad, and we look forward to playing an instrumental role in building on these efforts.”

He added: “The establishment of the UAE International Investors Council forms part of broader efforts to advance economic diversification policies that complement the expansion and growth of the UAE’s private sector as well as create a favorable environment that supports national companies investing abroad. The council provides a vital link between investors interested in promising opportunities available in countries with close ties to the UAE and governmental and semi-governmental entities to streamline the investment process. It also serves as a pillar for ensuring the protection of UAE capital abroad through advice, guidance, and logistic support.”

Jamal Saif Al-Jarwan, secretary-general of the Emirates Council for overseas investors, said: “We have the honor to join Abu Dhabi Islamic Bank as an active member of the council, which contributes to enhancing the role of the council’s working environment to support the state’s economic development and to keep pace with developments in the economic, investment and banking sectors in general, since the measure of success depended not only on financial results but also on how it dealt with the needs changing markets, innovative and sophisticated solutions that keep pace with rapid global changes and shifts in those sectors.”

He added: “Emirati investment abroad plays a vital role in more than 70 countries in the world and has a great impact on the soft and reputed power of our young state in the world, which is a great achievement and a strong demonstration of the path of investment of the Emirati investors in the right direction.”