First Saudi Arabian banking license launched in DIFC
Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region has welcomed the leading Saudi Arabian Bank, Samba Financial Group to its ever growing client list.
Samba Financial Group will become the first Saudi Arabian bank to establish in DIFC. The Group will use DIFC to build an international presence by enhancing client coverage with professional clients across the region.
The expansion complements Samba Financial Group’s UAE full-service banking presence, which was established in 2008.
The DIFC’s robust legal and regulatory framework, alongside its highly developed and comprehensive financial ecosystem, continues to be a catalyst for growth in regional banking.
Samba Financial Group’s reputation in Saudi Arabia for innovation and delivering ground-breaking financial solutions aligns with DIFC’s vision to drive the future of finance.
“Being part of the region’s largest and comprehensive financial ecosystem of more than 2,500 companies, including 820 financial firms will be a catalyst for their growth,” observed Arif Amiri, CEO, DIFC Authority.
“Our presence reinforces Samba’s commitment to the UAE, is part of the Group’s strategic growth plans and will also allow us to enhance our client coverage in the region,” affirmed Rania Nashar, CEO, Samba Financial Group.
