Tribune News Network
QNB Group has entered into a joint venture agreement with Ajlan & Bros Holding to collaborate and grow the digital banking opportunity in Saudi Arabia.
QNB Group Chief Executive Officer Abdulla Mubarak Al Khalifa and Ajlan & Bros Holding Chairman Ajlan Bin Abdulaziz Alajlan, signed theagreement.
Ajlan & Bros Holding Deputy Group CEO Ajlan Mohamed Alajlan and a number of senior management representatives from both sides attended the signing as well.
This agreement came as part of both Groups’ strategic plan to grow their digital banking presence and investments in Saudi Arabia.
Both sides have already initiated steps to obtain the required regulatoryapprovals.
It is worth mentioning that Ajlan & Bros Holding is one of the largest retailers and manufacturers in the Saudi market, with its brand recognized and present in more than 15 countries across the world.