New Regional Headquarters: Citi officially opened its new Regional Headquarters (RHQ) Office at Kingdom Tower in Riyadh, Saudi Arabia, on October 25, 2025. Regional Headquarters Licence: This move follows Citi receiving its RHQ license in November 2024 and aligns with Saudi Arabia’s initiative encouraging companies to establish a regional headquarters. Youth Employment Program: The Citi Foundation also announced a $500,000 grant to […]
Barclays has received a provisional Capital Market Authority (CMA) licence, secured premises in King Abdullah Financial District, and will open its Riyadh office in 2026, expanding its presence in Riyadh as part of its broader Middle East growth strategy Mohammed Al-Sarhan will join as an Independent Non-Executive Chairman of the Board for Barclays’ Saudi Arabia […]
Since its establishment in 2021, SNB Capital has successfully closed 100 investment banking transactions exceeding SAR 750 billion (USD 200 billion) in size This achievement reflects deep investor confidence, supportive regulations, and resilience of Saudi Arabia’s capital markets in enabling transformative transactions SNB Capital’s has executed some of the region’s most significant, first of a […]
The new financing product aims to meet the financial needs of the bank’s customers and support individuals by offering quick financing solutions, flexible terms, and simple steps. Riyadh, Saudi Arabia: STC Bank has launched its first financing product, “Smart Finance” a fully electronic, Sharia compliant product, available within minutes and with a maximum limit of SAR […]
D360 Bank, the innovative Saudi Shariah-compliant digital bank, has announced that it has reached more than one million customers within the first four months of its official launch, setting a new global benchmark in digital banking adoption. This milestone underscores the growing demand for seamless and secure digital financial solutions in Saudi Arabia. Since beginning […]
The RHQ in Riyadh will provide strategic, administrative and corporate services for BNY in the Middle East. RIYADH – The Bank of New York Mellon Corporation (“BNY”) (NYSE: BK), a global financial services company, today announced it has been granted a regional headquarters (“RHQ”) license by the Ministry of Investments in Saudi Arabia (“MISA”). The RHQ […]
Manama, Bahrain – Standard Chartered Bahrain, in partnership with Bahrain FinTech Bay (BFB), announced the sixth cohort of its “SC Women in Tech” incubation programme in Bahrain, which will officially commence and open for applications on April 22, 2025. This marks the sixth anniversary of supporting female entrepreneurs in Bahrain. The programme was launched in collaboration […]
Muscat: To enhance the efficiency and security of financial transactions, the Central Bank of Oman (CBO) has announced the go-live date for implementing the International Bank Account Number (IBAN) on domestic financial transactions, from July 1, 2025. This expansion will enhance the efficiency of local payment transactions, minimize operational errors, and expedite financial transfers between […]
UAE, Abu Dhabi: Abu Dhabi Islamic Bank (ADIB), a leading financial institution in the UAE, has launched the 2025 ADIB Financial Education Programme (FEP), a strategic initiative designed to empower individuals across all age groups with essential financial knowledge in both Arabic and English. In 2024, the programme engaged over 1000 participants through interactive and tailored […]
Amman, Jordan – Bank of Jordan Group has announced its consolidated financial results for 2024, which were approved by the Central Bank of Jordan. Despite facing challenging economic and geopolitical conditions, the group delivered balanced results across its markets. This success is attributed to the adoption of a comprehensive strategy focused on institutional transformation, investment diversification, […]