{"id":39636,"date":"2025-02-03T21:25:09","date_gmt":"2025-02-03T21:25:09","guid":{"rendered":"https:\/\/arab90.com\/?p=39636"},"modified":"2025-02-03T21:25:14","modified_gmt":"2025-02-03T21:25:14","slug":"bnp-paribas-group-to-relocate-its-bank-branch-and-investment-company-to-king-abdullah-financial-district-kafd-in-riyadh","status":"publish","type":"post","link":"https:\/\/arab90.com\/?p=39636","title":{"rendered":"BNP Paribas Group to Relocate Its Bank Branch and Investment Company to King Abdullah Financial District (KAFD) in Riyadh"},"content":{"rendered":"

Riyadh, Saudi Arabia<\/strong>\u2013 The King Abdullah Financial District Development and Management Company (KAFD DMC) and BNP Paribas announced the relocation of BNP Paribas\u2019 offices in Saudi Arabia to the King Abdullah Financial District (KAFD).\u00a0 BNP Paribas operates under both the Saudi Arabian Monetary Authority (SAMA) and the Capital Market Authority (CMA).<\/p>\n

 <\/p>\n

Reema Alasmari, Head of Territory, Saudi Arabia, BNP Paribas<\/strong> said: \u201cWe are pleased to announce the relocation of our headquarters to Riyadh\u2019s premier business and lifestyle destination, KAFD.\u00a0 This move enhances our services and operational capabilities. The new offices represent our commitment to providing exceptional commercial banking services. Notably, BNP Paribas has been the leading international bank in the Kingdom for almost two decades.\u201d<\/p>\n

\u201cWe look forward to building stronger partnerships and driving innovation in this dynamic environment,\u201d Alasmari added.<\/p>\n

 <\/p>\n

Sultan Alobaida, Chief Commercial Officer, at KAFD DMC explained: \u201cWith Saudi Arabia\u2019s total banking assets increasing by 9.5% in 2023\u2014rising from SAR 3.38 trillion in 2022 to SAR 3.7 trillion in 2023 and nearing the significant milestone of US $1 trillion\u2014 the Kingdom is well-positioned to continue attracting top-tier global financial players to a robust and thriving financial landscape. KAFD\u2019s world-class office spaces and thriving business ecosystem reinforce its position as a premier business environment, and BNP Paribas\u2019s relocation to KAFD is a powerful testament to that. We are excited to welcome BNP Paribas and looking forward to seeing how their presence will unlock new potential in KAFD as the business spine of the Kingdom as we both contribute to Saudi Arabia’s journey to economic transformation in alignment with Saudi Vision 2030.\u201d<\/p>\n

 <\/p>\n

Ammar Pharaon, CEO of BNP Paribas Investment Company<\/strong> added, \u201cBy locating our offices at KAFD in Riyadh, BNP Paribas aims to enhance its strategic initiatives, engage more effectively with businesses in Saudi Arabia.\u201d<\/p>\n

 <\/p>\n

The heart of KAFD is the Financial Plaza, which hosts some of the most important financial institutions within the Kingdom, ranging from the Public Investment Fund (PIF) to the Capital Market Authority and the Saudi Arabian Stock Exchange (Tadawul). The district is also home to the country\u2019s largest banks. Additionally, it\u2019s financial portfolio has witnessed significant expansion with the addition of prestigious institutions. With its modern Grade A offices, robust digital infrastructure, smart mobility, and eco-friendly operations, KAFD provides what it takes to scale a business, making it an efficient and sustainable home for BNP Paribas\u2019 operations.<\/p>\n

 <\/p>\n

Notably, BNP Paribas is the European Union\u2019s leading financial institution, operating in 63 countries.\u00a0 With two decades of presence in Saudi Arabia, BNP Paribas has two entities \u2014 a commercial banking license from the Saudi Arabian Monetary Authority (SAMA) under the leadership of Reema Alasmari, and the BNP Paribas Investment Company, licensed by the Capital Market Authority (CMA) under the leadership of Ammar Pharaon.<\/p>\n","protected":false},"excerpt":{"rendered":"

Riyadh, Saudi Arabia\u2013 The King Abdullah Financial District Development and Management Company (KAFD DMC) and BNP Paribas announced the relocation of BNP Paribas\u2019 offices in Saudi Arabia to the King Abdullah Financial District (KAFD).\u00a0 BNP Paribas operates under both the Saudi Arabian Monetary Authority (SAMA) and the Capital Market Authority (CMA).   Reema Alasmari, Head<\/p>\n","protected":false},"author":1,"featured_media":39633,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1530,1531,5499,51,3367],"tags":[],"class_list":{"0":"post-39636","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-1530","8":"category-1531","9":"category-5499","10":"category-51","11":"category-3367"},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/arab90.com\/index.php?rest_route=\/wp\/v2\/posts\/39636","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arab90.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arab90.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arab90.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/arab90.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39636"}],"version-history":[{"count":1,"href":"https:\/\/arab90.com\/index.php?rest_route=\/wp\/v2\/posts\/39636\/revisions"}],"predecessor-version":[{"id":39637,"href":"https:\/\/arab90.com\/index.php?rest_route=\/wp\/v2\/posts\/39636\/revisions\/39637"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arab90.com\/index.php?rest_route=\/wp\/v2\/media\/39633"}],"wp:attachment":[{"href":"https:\/\/arab90.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arab90.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arab90.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}