Arab Today, arab today ahli united bank limited first gcc bank with category 1 license to launch operations at dubai intl financial centre
Last Updated : GMT 21:02:08
Arab Today, arab today
Arab Today, arab today

Ahli United Bank Limited first GCC bank with Category 1 license to launch operations at Dubai Int'l Financial Centre

Arab Today, arab today

Arab Today, arab today Ahli United Bank Limited first GCC bank with Category 1 license to launch operations at Dubai Int'l Financial Centre

Dubai International Financial Centre
Dubai - WAM

Dubai International Financial Centre today welcomed Ahli United Bank Limited (AUBL), a 100 percent subsidiary of Ahli United Bank B.S.C., as the first bank in the GCC region to receive the Category 1 license from the Dubai Financial Services Authority (DFSA).

On opening the new quarters of the bank in DIFC, Essa Kazim, Governor of DIFC, met a delegation from the bank management. The delegation included Adel El-Labban, Managing Director & Group CEO of AUB Group and C B Ganesh, who has been appointed Chief Executive Officer of AUBL’s new branch at DIFC. Through its offices in DIFC, AUBL offers corporate banking, private banking, wealth management, trade finance, treasury and cross-border financial products and services to clients based in the UAE as well as the wider Middle East region.

The expansion into the UAE market, through a presence in DIFC, is in line with AUB Group’s strategy to develop an integrated banking presence in markets across the GCC region and to act as a preferred regional intermediary for clients with regard to securing their cross border banking needs. AUB Group is already present in the UK, Bahrain, Kuwait, Oman, Egypt, Iraq and the UK.

Speaking on the launch of operations of AUB Group, Kazim , said: "We are pleased to welcome Ahli United Bank Limited to DIFC as the first GCC bank to receive a Category 1 license. AUBL’s landmark decision to operate out of the Centre reinforces our 2024 Strategy and further strengthens DIFC’s position as a leading global hub for businesses and financial institutions seeking growth opportunities across the Middle East, Africa and South Asia. Our enabling and robust platform is continuously evolving to give clients the confidence to leverage new corridors for the continued expansion of their operations."

Adel El-Labban, Managing Director & Group CEO of AUB Group, said, "We are grateful for the support and cooperation we have received from DFSA and DIFC. The launch of our operations in the UAE, which is a strategic hub and market, represents yet another important milestone in AUBL’s evolution as a truly diversified regional bank. We look forward to effectively servicing our UAE and regional customers through a dedicated presence in this country as their trusted partner of choice."

C B Ganesh, CEO of AUBL at DIFC, said, "Our presence in DIFC allows us to work closely with our existing clients in the UAE and attract new client base. AUBL has already registered high interest from AUB Group clients across the UAE and the region. In the upcoming period, we will work to significantly develop and enhance these relationships through offering tailored, need-based services."

Source:WAM
arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ahli united bank limited first gcc bank with category 1 license to launch operations at dubai intl financial centre Arab Today, arab today ahli united bank limited first gcc bank with category 1 license to launch operations at dubai intl financial centre

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ahli united bank limited first gcc bank with category 1 license to launch operations at dubai intl financial centre Arab Today, arab today ahli united bank limited first gcc bank with category 1 license to launch operations at dubai intl financial centre

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday