MCB partners with Bank Al Jazira to launch int’l money transfers – Daily Pakistan Observer –

Employees Reporter


MCB Financial institution has entered into an settlement with main Saudi monetary establishment Financial institution Al Jazira (Fawri) for the facilitation of remittances to beneficiaries in Pakistan. By way of the strategic partnership, MCB Financial institution will additional facilitate abroad Pakistanis in Saudi Arabia to switch remittances to Pakistan which could be obtained via greater than 1,350 MCB Financial institution branches nationwide.
The settlement was signed by Sami Hamad Al Rajhi, Head of Banking Companies Group at Fawri, Financial institution Al Jazira and Mr. Muhammad Naeem Saigol, Division Head TBD, MCB Financial institution, within the presence of Hassan Saleem, Fawri MTO Supervisor & Enterprise Initiatives at Financial institution Al Jazira and Ziad Aftab Ejaz, Division Head – Residence Remittances at MCB Financial institution at MCB Tower, Karachi.
Talking concerning the settlement, Sami HamadAlRajhi Head of Banking Companies Group at Fawri, Financial institution Al Jazira stated, “Fawri is without doubt one of the quickest rising cash switch companies in Saudi Arabia, with Pakistan being one among our largest remittance recipient corridors. Fawri may be very excited to enter into an association with MCB Financial institution Pakistan and collectively each organizations will work togetherto make the remittance course of streamlined at each thesender’s and receiver’s finish.”
Talking concerning the settlement, Mr. Muhammad Naeem Saigol, Division Head-TBD, MCB Financial institution stated, “MCB Financial institution is famend for its buyer centric method and makes each potential effort to exceed buyer expectations via superior companies and options.
This new partnership withBank Al Jazira,via their devoted remittances division Fawri, will permit us to additional diversify and develop our remittance companies to the Pakistani group within the Center East. This additional strengthens MCB’s dedication in direction of inclusive banking and channeling of remittances although the formal banking community”.

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