- Time: 2023/03/18 11:17:16
- Reading: 1,430 times
{Economic: Al-Furat News} The National Bank of Iraq announced, on Saturday, officially starting its business in the Kingdom of Saudi Arabia, pointing out that this concession occurs for the first time in the financial history of Iraq, as it is a “financial leap” and the bank can now provide its innovative services and solutions to the corporate sector in the Saudi market.
The National Bank of Iraq said in a statement received by {Euphrates News} a copy of it, that it “participated in the second edition of the financial sector conference, which began on March 15 and 16, at the King Abdulaziz International Convention Center in Riyadh.”
He pointed out that “the Governor of the Central Bank of Saudi Arabia, Ayman bin Mohammed Al-Siyari, handed over the certificate of banking business to the CEO of the National Bank of Iraq in the Kingdom of Saudi Arabia, Zaid bin Abdulaziz Abunayan, in the presence of the authorized director of the National Bank of Iraq, Ayman Abu Dhim, and the Executive Vice President of Capital Bank Group for International Expansions, Nadim Qabwat, in addition to decision makers in the financial sector and senior executives in financial institutions locally, regionally and internationally.”
The statement quoted the authorized director of the National Bank of Iraq, Ayman Abu Dahim, stressing “the importance of the presence of the National Bank of Iraq in such type of international regional conferences,” explaining that it “will allow the exchange of ideas, experiences and cooperation in all areas that will be discussed during the conference, in addition to communication and linking with a group of representatives of leading banks in the region and the world, not to mention opening new horizons for the bank’s work by discussing possible business opportunities in the Saudi market.”
For his part, the CEO of the National Bank of Iraq in Saudi Arabia, Zaid bin Abdulaziz Abunayan, expressed “his happiness with the bank’s participation in this conference, which is an international regional platform that reflects the strength of the Kingdom’s economy in the region, where the bank had an opportunity to introduce its innovative banking services and solutions to thousands of participants with diverse experiences in various fields of the sector, representatives from leading banks, market specialists and investment leaders from Asia, Europe and North America.”
Abunayan explained that “the financial sector conference is a special opportunity for the National Bank of Iraq to see closely the qualitative leaps achieved by the financial services sector in parallel with the continuous development in business and services in the Kingdom of Saudi Arabia, in addition to the possibility of exchanging views and experiences with representatives of the leading banks participating in this conference.”
https://alforatnews.iq/news/لأول-مرة-مصرف-عراقي-يدشن-قفزة-مالية-نوعية-في-السعودية
Search 4 Dinar 
Why would Saudi Arabia want to work with a Iraqi bank when their currency is worth almost nothing!
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