MCB Bank has entered into an agreement with leading Saudi financial institution, Bank Al-Jazira (Fawri), for the facilitation of remittances to Pakistan. MCB, through this planned partnership, will facilitate foreign Pakistanis in Saudi Arabia to transfer remittances to Pakistan which can be received through more than 1,350 MCB Bank branches nationwide.
The agreement was signed by Bank Al Jazira Banking Services Group Head (Fawri), Sami Hamad AlRajhi, and MCB Bank Division Head, Muhammad Naeem Saigol, in the presence of Bank Al Jazira MTO Manager Hassan Saleem and MCB Bank Home Remittances Department Head Ziad Aftab Ejaz at the MCB Tower, Karachi.
Speaking about the agreement, Sami Hamad AlRajhi said, Fawri is one of the fastest growing money transfer services in Saudi Arabia, with Pakistan being one of our largest remittance recipient corridors. Fawri is very excited to enter into an arrangement with MCB Bank Pakistan and together both organizations will work together to make the remittance process streamlined at both the sender’s and receiver’s end.
Speaking about the agreement, Muhammad Naeem Saigol said, MCB Bank is renowned for its customer-centric approach and makes every possible effort to exceed customer hopes through superior services and solutions. This new corporation with Bank Al Jazira, through their dedicated remittances division Fawri, will allow us to further diversify and expand our remittance services to the Pakistani community in the Middle East.
This further reinforces MCB’s commitment towards inclusive banking and channeling of remittances through the formal banking network. Fawri Money Transfer Services are an integral part of Bank Al Jazira’s Banking Service Division and provide international transfer services via different methods and local transfers within Saudi Arabia.