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It is the first full-service, independent investment bank to be established in the Kingdom of Saudi Arabia, [4] and serves as HSBC’s investment banking arm in the Kingdom. The bank provide services in corporate finance, asset management, equity brokerage and security. It employs more than 300 employees. [1]
In response to restrictions on foreign ownership of banks in Saudi Arabia, Saudi Arab British Bank (SABB) was created in 1978 to manage HSBC branches and assets in the country. In May 2018, prompted by recent changes to Vision 2030 economic reforms, SABB announced its intention to acquire Alawwal Bank in the Saudi banking sector's first merger ...
HSBC Holdings plc (Chinese: 滙豐; initialism from its founding member The Hongkong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint.
HSBC Bank Egypt was established in 1982 as Hongkong Egyptian Bank with 40% HSBC ownership. In January 1994, the bank was renamed Egyptian British Bank under the same shareholding structure. The bank took the name HSBC Bank Egypt in April 2001 following an increase in shareholding by the HSBC Group's from 40% to 94.5% of its issued share capital.
Al-Rajhi Bank: مصرف الراجحي: Riyadh: 1957: 1120 Arab National Bank (ANB) البنك العربي الوطني: Riyadh: 1979: 1080 Bank AlBilad: بنك البلاد: Riyadh: 2004: 1140 Bank Aljazira: بنك الجزيرة: Jeddah: 1975: 1020 Gulf International Bank: بنك الخليج الدولي: Khobar: 2017
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In the United Kingdom, HFC Bank is a sub-prime consumer lender. Its branch network originally consisted of around 125 Beneficial Finance branches. Since Household International's acquisition by HSBC, HFC Bank has worked increasingly closely with HSBC Bank plc particularly for cross-selling purposes.