Bank Albilad launches $53m wholly owned payments arm Enjaz

RIYADH: Saudi-based Bank Albilad has established a wholly owned payments arm in Riyadh with SR200 million ($53 million) capital, according to a bourse filing. Enjaz Payment Services Co., licensed by the Saudi Central Bank as a Major Electronic Money Institution, will handle all payments and remittances activities currently operated as a business division in the bank. The

Related Keywords

Saudi Arabia ,Riyadh ,Ar Riya ,Saudi , ,Major Electronic Money Institution ,Enjaz Payment Services Co ,Saudi Central Bank ,Bank Albilad ,Saudi Based Bank Albilad ,Jubail ,Al Ahsa ,Al Kharj ,Taif ,Qatif ,Soil ,Dammam ,Abha ,Asir ,Yanbu ,Islam ,Jobs ,Sports ,Khalij Times ,Gulf News ,Saudi Gazette ,Tabuk ,Mecca ,Medina ,Almadinah ,Jeddah ,Makkah ,Hail ,Eastern ,King Abdullah ,Obs In Saudi ,Work In Saudi Arabia ,Mrah ,Hajj عرب نيوز ,