Gulf International Bank Officially Inaugurates Its Operations Centre in Al Khobar

Press release
Published February 13th, 2020 - 12:11 GMT

Gulf International Bank Officially Inaugurates Its Operations Centre in Al Khobar
During the event
Highlights
Gulf International Bank (GIB) announced the inauguration of its new operations centre in Al Khobar, which was inaugurated by His Royal Highness Prince Saud bin Nayef Al Saud, Governor of Eastern Province. 

 

Gulf International Bank (GIB) announced the inauguration of its new operations centre in Al Khobar, which was inaugurated by His Royal Highness Prince Saud bin Nayef Al Saud, Governor of Eastern Province. 

The opening ceremony was attended by His Excellency Rasheed Al Maraj, Governor of the Central Bank of Bahrain, His Excellency Dr. Ahmed bin Abdulkarim Alkholifey, Governor of the Saudi Arabian Monetary Agency, other government officials and leaders from business and the financial services. 

The ​​33,316 square metre state-of-the-art building is spread over five ergonomically designed floors and supported by a smart technology environment. Currently, there are more than 500 people employed at the centre with provision for development and expansion.

In launching the centre, His Highness praised GIB’s modern technology, saying it lived up to the goals of the Kingdom's 2030 vision. He noted the importance of developing new offerings and using modern technology to improve services and hoped that the centre would achieve its ambitions and provide the best services to its customers. 

The new operations centre marks another milestone in the GIB’s broader expansion strategy and follows the successful conversion of the Bank’s existing Saudi branches into a fully-fledged local bank in 2019.

GIB has been operating in Saudi Arabia for over 20 years and five years ago it launched its personal digital banking service ‘meem’, offering individuals innovative and Sharia-compliant products. 

Background Information

Gulf International Bank

Gulf International Bank B.S.C. (GIB) was established in the Kingdom of Bahrain in 1975, and commenced operations in 1976. In 2017, GIB became the first foreign domiciled bank to be granted approval from the Saudi Arabia Council of Ministers to establish a local commercial bank in the Kingdom of Saudi Arabia.

Consequently, GIB's branch offices in the Kingdom will become part of the Saudi Arabian subsidiary, with the country headquarters located in Al Dhahran.

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