SINGAPORE, 17 April 2008 — National Commercial Bank (NCB) recently held a reception in Singapore with the aim of shedding light on economic developments in the Kingdom and offer investment opportunities in the Saudi market. Senior officials, businessmen, bankers and officials from the Central Bank of Singapore and Arab foreign mission officials also attended the ceremony.
Abdel Fattah Eltawil, the head of NCB’s international banking division, pointed out that the objective of the meeting was to show the Singaporean officials and the business community there, the latest economic developments in the Kingdom and the constant improvements witnessed by the Saudi market in the investment environment as well as to review many joint investment opportunities between the two sides.
Said Al-Shaikh, NCB chief economist, gave a detailed presentation on investment opportunities in the Kingdom and the latest economic developments in general and specifically in the oil and gas sectors of financial services. NCB has been the leader between Arab and regional banks to provide such a detailed presentation in the state of Singapore.
Sami Wafa, NCB’s international division credit manager, Mina Ezzat, senior international banker, and Anis Ahsan, head of trade finance sales, attended the ceremony.
NCB invited several senior executives from banks and international financial institutions, including the JP Morgan, Standard Charter, Citibank, Dreznir Bank, China Construction Bank and Korea Exchange Bank.
The invitation was also addressed to a number of Arab banks, including the Arab Banking Corporation, Arab Bank, Doha Bank, in addition to several major oil companies and the petrochemical industry spearheaded Saudi Aramco and SABIC.
