Bank AlJazira (BAJ) Private Banking has been named the Best Private Bank in Saudi Arabia for 2015 by the Global Banking and Finance Review, an online portal for news on global banking and finance industry.

It is the first time Bank AlJazira, has picked up this award, widely acknowledging BAJ Private Banking as the “pre-eminent” private bank in the Kingdom.

Commenting on winning the award, Hamad Al-Ajaji, SVP and head of private banking, said: “We are delighted and honored to win this international award, which reflects our leadership in providing private banking services."

He added: “BAJ has successfully rolled out a number of key initiatives directed toward helping our clients with different and diversified opportunities. The initiatives also include geographical expansion in the main regions of Saudi Arabia. We will continue to lead in providing innovative and customized solutions to our clients, and are proud to be recognized by them and the market in this respect.”

He said: "The recognition comes after an assessment of transaction volumes, scope of overall coverage, customer service and competitive pricing. This also takes into account feedback and traditional input from key HNWI customers in the Kingdom."