Abu Dhabi Commercial Bank Receives Green Light to Establish KSA Branch
This move is poised to enhance ADCB's regional presence and contribute to the bank's overall growth trajectory.
By Inc.Arabia Staff
The Saudi Cabinet approved Abu Dhabi Commercial Bank (ADCB) to establish a branch in the Kingdom.[1]
As the third-largest bank in the UAE, ADCB boasts a substantial domestic footprint, holding approximately 15% market shares of sector loans and deposits.
The approval to open a branch in Saudi Arabia aligns with ADCB's strategic expansion initiatives and positions the bank to tap into the promising opportunities within the Kingdom's financial landscape.
This move is poised to enhance ADCB's regional presence and contribute to the bank's overall growth trajectory.
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