Bank of Jordan Group Launches Its First Branch in Saudi Arabia, Strengthening Its Position as a Regional Banking Group

The Bank of Jordan Group has inaugurated its first branch in Saudi Arabia in a strategic move that reflects its vision for sustainable growth and reinforces its position as an integrated regional banking group. Following the Saudi Central Bank’s approval to commence banking operations on 27/2/1448 AH, the expansion strengthens its presence in one of the region’s leading economic and financial markets, enabling it to broaden the reach of its banking services, better serve its clients and partners, support trade and investment flows, and contribute to strengthening economic ties between the Saudi Arabia and Jordan.
The opening of the Riyadh branch marks another milestone in the Group’s long-term expansion strategy, which focuses on high-growth markets with strong economic and investment potential. Saudi Arabia, in particular, has established itself as a regional economic powerhouse, driven by the ambitious transformation taking place under Saudi Vision 2030.
This expansion reflects the Bank of Jordan Group’s commitment to being closer to its corporate clients and investors across the Arab region, supporting their evolving ambitions through advanced banking solutions tailored to their needs. Drawing on its legacy, deep expertise, and growing regional network, the Group is well positioned to deliver integrated banking services across multiple markets while responding to the unique requirements of each local market.
Commenting on the occasion, Saleh Hammad, General Manager of Bank of Jordan Group of the Bank of Jordan Group, said, “The opening of our branch in Saudi Arabia marks a significant milestone in the Bank of Jordan Group’s journey and represents a natural step in our continued regional expansion. It reflects our vision of building a banking institution with a stronger regional presence and greater ability to meet the needs of our clients and partners across borders, particularly in the corporate sector, which remains a key strategic focus for us. This expansion is part of a carefully planned approach that targets markets with strong long-term growth potential. The Saudi market is one of the region’s most dynamic economies and a strategic market that enables us to create sustainable value and build lasting partnerships.”
Speaking about the branch’s role in bringing the Group’s vision to life in the Saudi market, Zaher Muala, Chief Executive Officer of the Bank of Jordan in Saudi Arabia, said, “Bank of Jordan will serve as a trusted banking partner, committed to anticipating our clients’ evolving needs, supporting the growth of their businesses, and helping them achieve their ambitions. Guided by the Bank of Jordan Group’s proven operating model, we combine decades of banking expertise, a strong regional presence, and a culture of innovation with disciplined execution and the agility to adapt to changing market conditions. This approach enables us to adapt to changing market conditions, understand the evolving needs of different markets, stay ahead of their developments, and tailor our solutions to the unique characteristics of each one.”
The inauguration ceremony was attended by a distinguished group of government officials and business leaders, including ambassadors, chief executive officers, business leaders, representatives of financial institutions, as well as strategic partners and the media. Their participation reflected the significance of this strategic milestone and the confidence placed in the Bank of Jordan Group. This is underpinned by its strong regional standing, which further supports its efforts to deliver innovative banking solutions and expand its strategic partnerships across the region.
The launch of the Saudi Arabia branch marks a new chapter in the Bank of Jordan Group’s growth journey and reflects its vision of strengthening its position as a leading regional banking group. The expansion builds on a banking legacy spanning more than six decades and is driven by a strategy that combines sustainable growth, innovation, and institutional excellence.
The Bank of Jordan Group’s regional footprint reflects its disciplined approach to expansion. Alongside its extensive branch network across Jordan, the Group operates subsidiaries including Excel for Financial Investments and Jordan Company for Financial Leasing, in addition to branches in Palestine, Syria, Bahrain, and Iraq. The opening of its Saudi Arabia branch further strengthens this regional network and enhances the Group’s ability to serve clients across multiple markets.
Through its growing regional presence, the Bank of Jordan Group continues to connect markets, facilitate trade and investment, and deliver integrated, innovative banking solutions that meet the evolving needs of individuals and businesses alike. In doing so, the Group contributes to economic development while supporting greater regional and international economic integration.