----- Forwarded Message ---- From: AMAJEED <[email protected]> To: [email protected] Sent: Saturday, 1 August, 2009 3:25:06 PM Subject: Re: [Jeddah SYS] Fw: State Bank of India's open in Jeddah on 1st August 2009,with an inaugural offer Dear brothers, This SBI press release is not correct. Some of my friends who went there to make use of this opportunity said this news is not correct and the SBI branch was not opened today as per the press release. Thanks and best regards, Abdul Majeed On Aug 1, 2009, at 9:57 AM, Zubair Assainar wrote: > > > > > >State Bank of India’s first branch in Saudi Arabia to open in Jeddah on >1stAugust 2009, with an inaugural offer for SBI account holders. > >Dubai, Jul 26: State Bank of India, which got a licence from Saudi Arabian >Monetary Agency (SAMA) last year to open its full-fledged branch in the >Kingdom, will operate its first branch in Jeddah from 1st August 2009 with >special inauguration offer for speed Remittance (SBI to SBI) the rate >will INR.14.79/1 SR., this offer only on the inaugural day i.e. 1st of August >2009. >SBI (Saudi Arabia) general manager J Parameshwarappa has inked building lease >and the first branch will be located at Al-Andalus Plaza on Sitteen Street in >Jeddah. >With this, the bank has taken an important step of identifying premises for >its operation in the Kingdom and would start functioning from here once it is >ready in all respects, Parameshwarappa told Arab News. >In recent years, the bank sought to expand its overseas operations by buying >foreign banks, launching new products and services for foreigners and Indian >diaspora as well as by opening new branches in different countries including >the Gulf states. >The bank’s branch here will go a long way in meeting the requirements of >businessmen in general and Indian expatriates in particular. The businessmen’s >need in the rapidly growing trade relations between Saudi Arabia and India, >and the bank’s Speed Remittance System are seen as its prime attraction. >The Indian community has welcomed the SBI branch in Jeddah. >> ><SBI Bank (Jeddah) 05072009.jpg> Looking for local information? Find it on Yahoo! Local http://in.local.yahoo.com/ --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "newsline" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/newsline?hl=en -~----------~----~----~----~------~----~------~--~---
