Sheikh Maktoum meets Chairman of HSBC Holdings to discuss new opportunities in financial sector

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Prime Minister and Minister of Finance and Deputy Ruler of Dubai, met with Group Chairman of Finance of HSBC Holdings, Mark E Tucker, at the Ruler's Court in Dubai. They discussed the global banking conglomerate's plans to increase its operations in the region out of its base in Dubai.

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Prime Minister and Minister of Finance and Deputy Ruler of Dubai, met with Group Chairman of Finance of HSBC Holdings, Mark E Tucker, at the Ruler’s Court in Dubai. They discussed the global banking conglomerate’s plans to increase its operations in the region out of its base in Dubai.

HSBC Holdings is one of the biggest banking and financial service organisations in the world.

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Both of them also discussed the remarkable new opportunities for the financial and banking companies resulting from the extensive growth opportunities arising in the UAE and the region.

Sheikh Maktoum stated that Dubai is constantly finding new ways to work with companies in international banking and finance to make a new future for the industry in the area.

On his official Twitter handle, Sheikh Maktoum, the Deputy Ruler of Dubai, posted, “I met with Mark Tucker, Chairman of HSBC Holding Group & talked about its future plans & partnership with Dubai. We look forward to the new opportunities for growth in our financial sector & persist in working towards strengthening Dubai’s global position in achieving success.”

In a meeting, the Chairman of HSBC stated that Dubai persisted in giving the banking conglomerate the ideal base to provide its clients and make new growth avenues around the region.

He further said that the United Arab Emirates represents one of the major growth markets for HSBC around the world, and the organisation is committed to investing and expanding its business in the country.

Since the launch of HSBC’s first branch in Dubai in 1946, HSBC has played an essential role in the UAE’s social and economic development. Recently, in 2019, HSBC established its new $250 million Middle East headquarters in Dubai, which provides housing to 3000 employees.

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Tariq Saeed

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