MUFG of Japan sets up bank branch in Riyadh

Japan’s MUFG Bank has announced plans to open a bank branch in Riyadh.The bank opening is part of a global rebranding exercise which has seen the firm change its former Bank of Tokyo-Mitsubishi UJ name in favour of the MUFG Bank moniker.

The Riyadh branch is set to open in late 2018 and will add to the group’s existing branches in Dubai, Abu Dhabi, Bahrain and Doha, all of which will be rebranded under the MUFG Bank title.


“MUFG has been carefully building its presence in the Middle East over many years,” said Masahiro Kuwahara, chief executive of MUFG in EMEA.

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“We know our clients increasingly need global solutions to their complex needs, and meeting this requirement will always be our priority.”