KSA, 27 March, 2025 : The Arab African International Bank (AAIB) is preparing to expand into Saudi Arabia by establishing a branch to capitalize on growing investment opportunities and Egyptian investor interest in the Kingdom, sources told Asharq Business.
According to one source, AAIB has obtained regulatory approvals in Egypt and is now seeking authorization from Saudi authorities. However, the Central Bank of Egypt (CBE) has not yet commented on the bank’s expansion plans.
AAIB’s move is driven by Saudi Arabia’s ambitious mega-projects, which require substantial financing and present significant business opportunities. The bank aims to play a role in supporting these large-scale developments while strengthening its presence in the Gulf region.
The bank’s entry into Saudi Arabia aligns with a broader trend of Egyptian financial institutions expanding into the Kingdom. The National Bank of Egypt (NBE) and Banque Misr already operate branches in Riyadh, positioning themselves to serve both corporate and individual clients.
AAIB’s expansion reflects its strategy to tap into high-growth markets, leveraging its expertise in corporate and investment banking to support businesses operating in one of the region’s fastest-growing economies.
Source : www.zawya.com
