QNB Group has inaugurated a new branch in Jeddah, Saudi Arabia, marking its second branch in the country. The first one was established in Riyadh back in 2017. The primary objective of this expansion is to offer cutting-edge banking solutions to its clientele.
With a focus on addressing the increasing financial requirements of its expanding Saudi customer segment, the newly established branch aligns with the Qatari institution’s strategy for regional growth. This initiative seeks to enhance the QNB Group’s standing within the GCC banking sector.
“We are pleased to have obtained the official licenses necessary to open our second branch in the Kingdom of Saudi Arabia. The city of Jeddah is one of the most important economic markets in the region, which makes it a valuable addition to our international network,” said Abdullah Mubarak Al Khalifa, CEO of QNB Group.
“This supports our efforts to strengthen and develop our banking business within the Kingdom, in particular, and in the region, in general” he added.
QNB Group’s presence spans across 28 countries on three continents through its subsidiaries and associated firms, offering an extensive array of progressive products and services. With a workforce exceeding 29,000 individuals, the group operates through 900 venues and maintains an ATM network boasting over 4,900 machines.