Doha Bank has has signed as MoU with Anil Ambani-led Reliance Group to generate business opportunities in the Gulf Cooperation Council (GCC) nations and India. The GCC comprises Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain and Oman. The MoU is envisaged to provide tangible business opportunities and further prospects for expansion for Doha Bank and Reliance Group.
The agreement has been signed by Anil Ambani Chairman Reliance Group and Doha Bank Group CEO R Seetharaman in the presence of Sanjiv Arora, Ambassador of India to Qatar. The partnership will strengthen Doha Bank’s presence in India and the bank’s strategic role in trade finance, banking and financial services across the region.
- The Reliance Anil Dhirubhai Ambani Group is headquartered in Navi Mumbai.
- The combined fortune of the family was $60 billion, making the Ambanis the third richest family in the world.
- Reliance Group has 4 listed companies. Reliance Power, Reliance Communications, Reliance Infrastructure, Reliance Capital.
- Reliance group was founded by Dhirubhai Ambani in 1966 as a polyester firm. Dhirubhai started the equity cult in India.
- It was the first Private Indian enterprise in Fortune 500.
- Operates the largest single location refinery in the world – Jamnagar Refinery, Gujarat.
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