HSBC Saudi Arabia Expands Its Reach with New Hires and Products

HSBC Saudi Arabia is expanding its reach in the country. The bank has recently made significant hires to strengthen its team, including experts in the fields of corporate and commercial banking.

These new hires will play a crucial role in helping the bank grow its business and provide better services to its customers. The bank aims to increase its presence in the Saudi market.

The bank's expansion plans also include the launch of new products and services designed to cater to the specific needs of Saudi customers.

HSBC Saudi Arabia has a strong leadership team in place, with a combined experience of almost 60 years in banking. This team is led by Faris AlGhannam, CEO & board member, who has ambitious growth plans for the Kingdom.

Mohammed Qadri, a veteran with 23 years of banking experience, joined HSBC in the UAE in 2003 and has spent 17 years in Riyadh, providing expertise in Islamic financing and debt advising. Fannoch, another seasoned banker, has 17 years of Middle East expertise, including 15 years in Saudi Arabia, where he has aided customers in historic merger and acquisition and capital markets deals.

Amir Bourani brings 16 years of banking experience to the table, with leadership skills in Leveraged & Acquisition Financing and Coverage, as well as managing key client relationships.

HSBC Saudi Arabia has a long history of contributing to the Kingdom's financial sector, with over 70 years of experience.

The investment bank has signed a long-term lease agreement with the King Abdullah Financial District Development and Management Company to drive regional growth.

The new office will be located in the heart of Riyadh's King Abdullah Financial District, a strategic move that will enrich the financial ecosystem and drive further growth and innovation.

HSBC Saudi Arabia expects to relocate to the HSBC Building during the second half of 2025, marking a significant milestone in its growth strategy.

The bank has a strong presence in Riyadh, with over 300 investment banking and capital markets professionals based there, and plans to continue investing in Saudi nationals alongside global professionals.

This move will strengthen the Kingdom's position as a leading financial hub, solidifying its reputation as a major player in the region's financial landscape.

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HSBC Saudi Arabia has a long history of contributing to the Kingdom's financial sector, with over 70 years of experience in developing the financial sector.

The bank offers a wide range of financial products and services in Saudi Arabia through its retail and commercial banking partner, Saudi Awwal Bank (SAB), in which it is a 31% shareholder.

The bank is investing in Saudi nationals, alongside global professionals, with over 300 investment banking and capital markets professionals based in Riyadh.

HSBC Saudi Arabia has a strong leadership team in place, with Faris Al Ghannam as the CEO, who has stated that the bank's strategic relocation to the King Abdullah Financial District (KAFD) will drive further growth and innovation in the Kingdom.

The bank's new office in KAFD is expected to be completed in the second half of 2025, with design work already underway.

HSBC Saudi Arabia's growth plans in the Kingdom are ambitious, with a focus on increasing investment and economic development across the Kingdom.