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BNP Paribas was awarded the "universal" licence in Saudi Arabia

  • 04.06.2004
The Central Bank of the Kingdom of Saudi Arabia SAMA (Saudi Arabian Monetary Agency) announced yesterday that the Saudi Ministerial Council has awarded a "universal" license to BNP Paribas to operate in the Kingdom of Saudi Arabia. Two other licenses were awarded at the same time to Chase JP Morgan et Deutsche Bank. According to the business plan, BNP Paribas will open its first branch in Riyadh then in Jeddah and Al-Khobar in the Eastern provinces of the Kingdom.

This future opening will complete our existing regional network in the Gulf countries (4 branches: Bahrain, Abu Dhabi, Dubai and Doha) with its regional management based in Bahrain. It will also reinforce the image of the bank and confirms its ambitions to invest and develop its activities in the G.C.C. countries (Gulf Cooperation Council).

Go directly to BNP Paribas Bahrain Website