J.P. Morgan has launched a full range of trade finance products – including those concerned with documents, guarantees and structured export and import finance trade – through the J P Morgan Chase Bank Riyadh branch.
This will help Saudi-based companies trading internationally and global MNCs to deliver their business in Saudi Arabia.
The Saudi Arabia-based trade finance capabilities extend J.P. Morgan’s global coverage and complement the previously announced treasury, money market and foreign exchange products launched through the riyadh branch earlier in the year. The offering is supported by a team of trade finance professionals based in the Saudi capital.
“This demonstrates our commitment to serve our clients in the markets that matter to them the most, and to do so in the local time zone, local currency and with local service” said Farrukh Siddiqui, regional head of Trade sales, J.P. Morgan, Middle East & North Africa. “Our global reach in trade finance, coupled with our local trade finance capabilities and correspondent banking network, make it easier for our global clients to access the opportunities here.”