HSBC is the largest and most widely represented international banking organisation in the Middle East and North Africa (MENA), with a presence in 14 countries across the region. HSBC has operations in the United Arab Emirates, Egypt, Qatar, Oman, Bahrain, Kuwait, Jordan, Lebanon, Pakistan, Algeria and the Palestinian Autonomous Area. In Saudi Arabia, HSBC is a 40% shareholder of Saudi British Bank (SABB), and a 49% shareholder of HSBC Saudi Arabia for investment banking in the Kingdom. HSBC also maintains a representative office in Libya. This presence, the widest reach of any bank in the region, comprises some 295 offices and around 12,000 employees. In the year ending 31st December 2012, HSBC in the MENA region made a profit before tax of US$1,350m.
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Rawan El Saleh
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DABO & CO
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