By: Amr Adel 

Dubai – Mubasher: Emirates NBD Asset Management, the asset management arm of Emirates NBD, seeks to expand in Saudi Arabia by opening two new branches, according to executive vice president and head of produces and advisory at Emirates NBD Group Tariq bin Hendi.

The expansion is part of the company’s plan to focus on the Saudi market, being one of the most important GCC markets, bin Hendi told journalists on the sidelines of an event held by the company.

The asset management arm has a branch in Riyadh and plans to open a new branch in Jeddah.

The Saudi market has a number of good investment opportunities in the fields of asset management, family and government businesses, and banking services for individuals or companies, he added.

Emirates NBD, ranked the biggest brokerage firm in terms of traded value, plans to expand in the UAE market and increase its share of trading in the local stock markets.

Translated by: Julian Nabil