In-Principle Approval for Riyadh Branch
Abu Dhabi Commercial Bank (ADCB) has received in-principle approval to establish a branch in Riyadh, Saudi Arabia. Pending final regulatory approvals, ADCB is gearing up to offer a wide range of services to corporate and institutional clients, including financing and working capital solutions.
ADCB’s Strategic Vision
Ala’a Eraiqat, ADCB’s Group CEO, commended the Saudi authorities for their support in this milestone achievement. The move to enter the Saudi market aligns with ADCB’s growth strategy, positioning itself as a key player in the region to provide vital financial services and bolster economic ties.
Significance of the Riyadh Branch
Ludovic Nobili, ADCB’s Group Head of Corporate and Investment Banking, highlighted the bank’s commitment to supporting clients across regional markets. The Riyadh branch will play a pivotal role in strengthening relationships with clients, financial institutions, and key stakeholders in the Saudi market.
