Leading Saudi bankers to attend MEFX

MEFX, through its hosted delegate programme, MEFX Host© will bring the leading bankers and key decision makers from Saudi Arabia to Dubai to connect with international financial technology suppliers, financial institutions and service providers.

Saudi Arabia is the second largest and most important banking economies in the region with assets currently estimated at $290bn. Saudi banks posted profits of $8.1bn at the end of 2007 and are regarded as one of the most profitable and efficient in the region.

MEFX will provide the senior-level Saudi delegates the opportunity to meet top international technology suppliers through pre-arranged meetings and discuss how technology solutions can help increase the competitiveness of their institutions.

The Saudi delegates will include high-ranking executives from Deutsche Bank (Suisse) SA, the Islamic Development Bank, Saudi Arabia Holding, and the Saudi British Bank amongst others.

'The Saudi banking sector has witnessed major developments in the last year. The presence of such senior members of the Saudi banking industry underscores the importance and the position of Saudi Arabia as a banking economy in the region.

MEFX will offer valuable insights and visitors and delegates will undoubtedly benefit from the presence of accomplished and senior bankers from Saudi Arabia,' said Helal Saeed Al Marri, Director General, Dubai World Trade Centre.

With a VIP cocktail reception and dinner hosted by DIFC, a luxurious MEFX Diwan Lounge, sponsored by emcredit, a golf tournament at the prestigious Montgomerie Golf Course in Dubai in addition to accommodations at the Monarch Dubai, the city's premier luxury 5-star business hotel and complimentary flights, the delegates have been provided a number of networking opportunities to make this business experience a true success.

MEFX will also be hosting delegates from Bahrain, Kuwait, Oman, Qatar and the UAE, with the leading GCC banks invited with confirmed participation of senior executives from Abu Dhabi Commercial Bank, Arab Bank, Bank Dhofar, BankMuscat, Bank of Kuwait & Middle East, Emirates Bank NBD, National Bank of Bahrain, Noor Islamic Bank, Qatar Islamic Bank, Riyadh Bank, SAMBA, and Saudi Arabian Monetary Agency.

Organised by the Dubai World Trade Centre (DWTC) in partnership with the Dubai International Financial Centre (DIFC), MEFX is poised to become the leading banking and finance event of the region.

MEFX Host© is the event's hosted-delegate programme and is sponsored by EastNets.

MEFX will be held at the Dubai International Convention and Exhibition Centre in the Sheikh Rashid Hall, 1-3 June 2008. Doors will be open from 10.00 am to 6.30 pm during the show.