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Samba secures licence for DIFC branch

RIYADH, August 12, 2020

Samba Financial Group has announced that it has received a licence from the Dubai Financial Services Authority (DSFA) for Samba Financial Group (DIFC Branch) to operate as an Authorised Firm from the Dubai International Financial Centre (DIFC).
 
The branch can now offer selected financial services to professional clients and market counterparties.
 
The setting up of Samba Financial Group (DIFC Branch) is part of Samba’s overall growth plans. Samba has been present in the UAE since 2008 through its branch operations licensed by the UAE Central Bank and a branch in DIFC is expected to further strengthen Samba’s UAE franchise and also serve as a base for clients in the region, the company said in a filing to Saudi stock exchange Tadawul. - TradeArabia News Service



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