There will also be a drop in horizontal visibility as light to moderate winds are expected, causing blowing dust
The new branch is situated in the Tornado Tower in West Bay, a prestigious business district in the Qatari capital.
Samba has been licenced as a category one financial institution, which means it is authorised to conduct various banking activities such as deposit taking, dealing in investment, providing credit facilities, arranging credit facilities, managing investments and advising on Shariah-compliant investments.
Eissa Al Eissam, Samba chairman, thanked the Qatari authorities for granting Samba a licence to open the Doha branch.
“We look forward to engaging in banking activity in the State of Qatar and contributing to the development of Qatar’s banking industry,” he said.
He acknowledged the historic ties between Saudi Arabia and Qatar as well as the growing economic, financial and cultural cooperation between the two countries.
Al Eissam said the newly-established presence in Qatar underlines the success of the bank’s regional expansion strategy.
“It also demonstrates the financial strength of Samba and reflects the prudent selection of investment opportunities to promote the group’s growth,” he said, and added Doha has a promising financial market that is experiencing extensive growth.
Eissa Al Eissam said that the Qatar branch would contribute significantly to realising the Saudi Arabian bank’s vision of expanding its regional presence.
There will also be a drop in horizontal visibility as light to moderate winds are expected, causing blowing dust
The airlines continue to monitor developments across the region
Volunteers have quickly stepped in to support families by setting up and preparing the tents
The airline had earlier alerted passengers about longer queues and slower check-ins
The External Affairs Minister said that he is travelling to Pakistan only to be a 'good member of the SCO'
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These goods, which were seized by Customs, can be examined at Dubai Airports, Terminal 3
He did not elaborate on the nature or timing of the response