HBL and Alinma Bank Sign Remittance Agreement


HBL, Pakistan’s largest bank, and Alinma Bank Saudi Arabia have recently signed a remittance services agreement. A signing ceremony was held to mark the occasion at Alinma Bank’s head office in Riyadh.  Mr. Fahad Al-Semari, General Manager of Retail Banking at Alinma Bank, Mr. Hassan Raza, Head Structured Credits and Global Remittance Business HBL, along with other executives from both banks were present at the occasion. The agreement aims to promote remittances from KSA to Pakistan.

“By entering into this agreement with Alinma Bank, we have opened the doors to a mutually beneficial partnership that we hope shall flourish over time,” said Mr. Hassan Raza. He added “This remittance service would be available through HBL’s extensive network of branches across Pakistan.HBL,by virtue of being Pakistan’s largest bank with a vast network of 1,594 branches,also offers a wide range of products which aid the bank’s vision of becoming the preferred financial partner for institutions like Alinma Bank.”

Mr. Fahad Al-Semari noted the importance of establishing strong partnerships and said, “The notation of a partnership is integral to Alinma’s business approach. We even refer to our customers as partners, which highlights how valuable these relationships are to us.”

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