Cushman & Wakefield, Riyadh: October 10, 2017 – Cushman & Wakefield Saudi Arabia has announced an expansion of its banking client portfolio with one of the largest banks in the Kingdom.
The Cushman & Wakefield’s partnership with Al Rajhi Bank has been further developed with the awarding of the Managing Agent role at the banks new HQ building and operations centre in Riyadh, both of which are expected to be completed in 2018.
Al Rajhi Bank is one of Saud Arabi’s largest banks with over 500 branches and is the world’s largest Islamic bank. This contract win for Cushman & Wakefield represents a strengthening of the company’s growing list of locally served banking clients.
Cushman & Wakefield successfully started the commission in the second half of the year providing further support to the operations at both project sites. With Al Rajhi Bank’s main objective; to improve the way it operates and maintains its assets, Cushman & Wakefield will provide its expertise in delivering international standards in the management of banking facilities.
Last year, Cushman & Wakefield were commissioned to provide FM Consultancy services to Al Rajhi Bank, during the construction of the banks new HQ building and Operations Centre in Riyadh. During this stage, Cushman & Wakefield’s consultancy team worked with the client in developing the banks operational FM strategy, developing an operational budget and the development of the RFP documents, Inc. SLA’s/KPI’s.
“We are pleased to continue our partnership and strengthen our ties with such a prestigious client as Al Rajhi Bank. Their trust and confidence in our services is something that Cushman & Wakefield is very proud of. Our team is very excited and looking forward to bringing its regional and international banking experience to this project” commented Richard Naylor, Chief Executive, Saudi Arabia.