On 9 December 2023, Reanda International, Reanda Saudi Arabia entered a Memorandum of Understanding (MOU) with Alinma Bank, a leading bank in Saudi Arabia, in conjunction with the name inauguration ceremony of Reanda Saudi Arabia. By entering this MOU, Reanda Network, together with its member firm in Saudi Arabia, shall collaborate with Alinma Bank to foster cooperation to promote banking services to Chinese enterprises with operations in Saudi Arabia. This strategic collaboration will develop closer trade relations between Saudi and Chinese enterprises, and unlock plentiful new opportunities for Reanda International to connect Chinese enterprises to the financial institutions in Saudi Arabia and provide professional services to support them to grow their business.
Mr. Franklin Lau, CEO of Reanda International expressed his appreciation to Reanda Saudi Arabia for achieving strategic collaboration between Reanda International and Alinma Bank. Mr. Lau trusted that the collaboration with Alinma Bank would be a huge step forward in supporting Chinese enterprises in Saudi Arabia. He also mentioned that as Saudi Arabia has become a strategic location to connect Asia, Africa, and Europe, Reanda International will accelerate its development in the Middle East to discover more business opportunities for the global member firms.
Reanda Saudi Arabia expressed the importance of international cooperation and strategic partnerships for sustainable development and economic growth in Saudi Arabia. Through the MOU, Reanda Saudi Arabia will expand its operations, enhance access to the Chinese market and drive more investment and joint ventures between Saudi and Chinese companies.
Founded in 2006, Alinma Bank has a strong record of accomplishment in supporting the national economy and helping individuals and businesses pursue their goals and aspirations. As a full-service financial institution, the bank serves individuals, corporates, and SMEs alike, with comprehensive products and services, including real estate and personal financing, individual and corporate current accounts, saving accounts, card services, corporate financing, auto leasing, etc.
Mr. Franklin Lau, CEO of Reanda International Mr. Abdullah Salman Alanazi, General Manager of Business Banking of Alinma Bank signed the MoU to foster collaboration.
Group photo (from left to right): Mr. Xiong Can, Head of the Finance and Operation Department of the Riyadh Branch of Bank of China, Mr. Liu Hongjie, Finance Manager of China State Construction Engineering Corporation, Mr. Franklin Lau, CEO of Reanda International, Mr. Abdullah Salman Alanazi, General Manager of Business Banking of Alinma Bank, Mr. Rashed Awaji, Managing Partner of Reanda Saudi Arabia, Mr. Meng Xiangyu, Finance Manager of China Railway Construction Corporation and Mr. Liu Hao, Director of the Business Development Department of the KSA Branch of China Airport Construction
CEO Mr. Franklin Lau presented the souvenir to Alinma Bank