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Israeli Bank Chairman Praises Saudi Potential at Talk in Riyadh

  • Attendance another step toward Saudi-Israel normalization
  • Chairman sees investment potential in Mideast, Africa
Samer Haj-Yehia on screen, at the annual Future Investment Initiative conference in Riyadh, on Oct 27. 

Samer Haj-Yehia on screen, at the annual Future Investment Initiative conference in Riyadh, on Oct 27. 

Photographer: Fayez Nureldine/AFP/Getty Images

The chairman of Israeli lender Bank Leumi Le-Israel BM spoke at an investment conference in Saudi Arabia on Thursday, another sign of steps toward normalization between Israel and the kingdom.

“The potential here is huge,” Samer Haj-Yehia, an Israeli-Arab originally from Taibeh, said at the Future Investment Initiative. He spoke of Saudi Arabia’s thriving economy, tech-savvy youth and high mobile penetration, while noting opportunities in the broader region’s under-banked and un-banked areas.