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.


Dr. Abdullah bin Rafoud Al-Safiyani, Saudi Shoura Council member

Updated 18 January 2020

Dr. Abdullah bin Rafoud Al-Safiyani, Saudi Shoura Council member

  • He was appointed to the consultative body in 2016
  • He has been awarded a medal of excellence from the Ministry of Education

Dr. Abdullah bin Rafoud Al-Safiyani was chosen as a Shoura Council member by a royal decree from King Salman in 2016.

The Shoura Council convened on Wednesday, and Al-Safiyani demanded that the National Anti-Corruption Commission investigate and set up an authority to oversee influencers’ activities on social media.

He said it had become important for the anti-graft body to monitor influencers as they were paid tremendous amounts to publicize government entities, and that there needed to be regulations to process such transactions.

Al-Safiyani has a bachelor’s degree, a master’s and a doctorate from Umm Al-Qura University in Makkah.

He is a member of Almajmaa (Virtual Academy of the Arabic Language), the Saudi Scientific Association for Arabic Literature, the Saudi Association for Education and Psychology and the Arab Bureau of Education for the Gulf States, in addition to his Shoura Council membership.

He is also the vice dean of community service and continuing education at Majmaah University in Majmaah City, Saudi Arabia, and has collaborated with the King Abdullah bin Abdul Aziz International Center for the Arabic Language on several programs.

He has been awarded a medal of excellence from the Ministry of Education, and is also the director general of Adab (International Encyclopedia of Arabic Literature). He has been a teacher and an administrator in public education since 1998.