National Commercial Bank (NCB) has inked an agreement with the Royal Commission for Jubail and Yanbu (RCJY) to build and operate a new branch in the Saudi port city of Ras Al Khair, the bank said in a statement.
The opening of the new branch is part of an expansion strategy, which aims to cover various cities and regions throughout the kingdom, NCB’s head of retail banking Hamed Fayez explained.
NCB, Saudi Arabia’s largest bank, currently operates 354 branches in the country, according to data available on Argaam.
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