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الاقتصادية
Bank of Jordan targets 20% assets in Saudi
According to the Jordanian Bank's page, its goal is to build a portfolio in the Saudi market worth approximately 20% of its total assets, which amount to 20 billion riyals. This is part of the initial phase of expansion, with a focus on the small and medium-sized enterprise sector. The bank has opened its first branch in Riyadh and plans to establish branches later in the Eastern and Western Regions, aiming to support this sector and enhance commercial cooperation between Saudi Arabia and neighboring countries. The bank emphasizes providing tailored financing and advisory solutions for companies, with a local team comprising up to 98% Saudi nationals. It stresses that competitive excellence lies in offering comprehensive banking solutions directly aligned with Vision 2030, all while adhering to strict regulatory standards to achieve sustainable growth and build a sound financial portfolio in the Saudi market.
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