Trade Bank of Iraq to open first Saudi branch

The TBI will be the only active Iraqi bank in Saudi Arabia. (Facebook)
Updated 17 April 2019

Trade Bank of Iraq to open first Saudi branch

  • TBI was ranked No. 1 in the cost to income category in the Middle East by The Banker

RIYADH: The Trade Bank of Iraq (TBI) is entering the Saudi market with the opening of a branch in Riyadh on Thursday. It will be the bank’s first operational branch outside Iraq, and the TBI will be the only active Iraqi bank in the Kingdom, TBI Chairman and President Faisal Al-Haimus told Arab News on Tuesday.
On Thursday, a ribbon-cutting event will be held at the Riyadh branch in Al-Olayya district. Attendees on the Iraqi side will include Al-Haimus, the prime minister, the finance minister and the Central Bank’s governor. Saudi officials will also attend.
The TBI’s board of directors has also expressed plans to expand to Turkey.
TBI was ranked No. 1 in the cost to income category in the Middle East by The Banker.


Fahad Al-Azzam, assistant deputy minister for empowerment at the Saudi Ministry of Health

Updated 14 August 2020

Fahad Al-Azzam, assistant deputy minister for empowerment at the Saudi Ministry of Health

Fahad Al-Azzam has been the assistant deputy minister for empowerment at the Ministry of Health since September 2019.
He has also been the general manager for enterprise at the ministry’s project management office since July 2016, where he developed and implemented a standard set of project management processes and models, and built the framework and updated it to account for developments and best practices.
It was announced on Monday that Al-Azzam’s role as assistant deputy minister for empowerment has been extended for another year.
Al-Azzam obtained a bachelor’s degree in electrical engineering at King Fahd University of Petroleum and Minerals, Dhahran, in 2007. He studied abroad in the US, obtaining a master’s degree in engineering and technology management from the University of Bridgeport, Connecticut, in 2014.
Prior to his current position, Al-Azzam worked as a cooperative trainee at the Saudi Electricity Co. between May and October 2006.
At the Advanced Electronics Co., he worked as an assistant field service engineer between July 2007 and May 2009, and technical support and field service engineer between May 2009 and December 2010.
At the Saudi Food and Drug Authority, he worked as senior electrical engineer at their radiation safety department between January 2011 and February 2015.
He developed a safety program for exporting and importing electronics devices to and from Saudi Arabia and worked at controlling the risk resulting from the use of radiation-emitting devices. He also worked there as a project manager at their project management office between February 2015 and July 2016.