Reema Al-Asmari recently joined BNP Paribas as head of territory for Saudi Arabia, reinforcing BNP’s corporate and institutional banking (CIB) presence in the Kingdom.
In her new position, Al-Asmari will oversee the bank’s national commercial strategy, with a focus on strengthening relationships with strategic clients, multinational companies and government-related agencies.
She will also be responsible for expanding the bank’s product and service portfolio in all CIB segments, including sustainable finance.
Al-Asmari joined BNP Paribas from Natixis, where she held the position of CEO for Saudi Arabia.
Before joining Natixis, Reema worked for nine years with JPMorgan Chase & Co. in the Kingdom. Her last role in the US bank was treasury services country head. Before that, she was treasurer for Saudi Arabia, Bahrain and Johannesburg.
Discussing her anew position, Al-Asmari said: “I am honored to join BNP Paribas with the mission to grow the bank’s presence here in Saudi Arabia. As a dynamic bank which continues to evolve alongside Saudi’s ever-changing business environment, I am enthusiastic about the opportunities to build upon its current success.”
Al-Asmari takes over from Jean-Francois Sibille, who will become head of compliance for BNP Paribas Middle East and Africa.
She will work alongside Ammar Pharaon, who heads the BNP Paribas Regional Investment Company (BRIC), also located in Riyadh. BNP Paribas has operated in the Middle East and North Africa region for more than 45 years, offering corporate and institutional banking, and international financial services.
Who’s Who: Reema Al-Asmari, BNP Paribas head of territory for Saudi Arabia
https://arab.news/c7fs2
Who’s Who: Reema Al-Asmari, BNP Paribas head of territory for Saudi Arabia
Saudi Arabia pays Yemeni government $346.6m to meet salary shortfall
- The payment is part of the Kingdom’s ongoing work to promote stability and development for the Yemenis
RIYADH: Saudi Arabia has provided $346.6 million (1.3 blln SAR) to help pay Yemeni government employees the massive shortfall in their salaries.
The payment, under a ruling by Saudi Arabia’s King Salman and crown prince Mohammed bin Salman, was delivered through the Saudi Program for Development and Reconstruction of Yemen (SDRPY).
The payment is part of the Kingdom’s ongoing work to promote stability and development for the Yemenis, the SDRPY said in a statement released on its X.com account.
The statement added that the initiative aimed to strengthen economic, financial and monetary stability in Yemen, enhance the capacity of government institutions, improve governance and transparency, and enable the private sector to drive sustainable economic growth.
Yemeni Presidential Leadership Council chairman Rashad Al-Alimi thanked the Saudi royals for the support, describing it as an extension of the Kingdom’s longstanding support for the Yemeni people.
And Al-Alimi said the support sent a message of confidence in Yemen’s path of recovery as well as the in the government’s ability to strengthen national institutions and reinforce security and stability.
Adding that Yemen’s ongoing partnership with Saudi Arabia represented an important choice for a more stable future.
And he called for a unified effort to support the reconstruction of the country’s instituions, as well as improve living conditions and advance economic and social development.
