On 4 February 1974, de Fouchier visited the premises of the new bank. It was officially inaugurated on 24 May 1974, in the presence of the Emir of Sharjah, H.H. Sheikh Sultan bin Mohammed Al-Qasimi, the Honorary President of the bank.

Jacques de Fouchier s trip in 1974

In 1974, Paribas began to harvest the results of its efforts in the Gulf over a number of years. Paribas President Jacques de Fouchier undertook a trip lasting several days to the Gulf States, accompanied by Claude de Kémoularia. De Fouchier s first stop was in the Kingdom of Saudi Arabia, where he was granted an audience with H.H. King Faisal bin Abdulaziz Al Saud.

At the time, de Fouchier did not have a specific plan to open a branch in the Kingdom; the purpose of the trip was to develop and grow relationships with the highest authorities.

The Paribas delegation then proceeded to Sharjah, where de Fouchier met the Ruler, H.H. Sheikh Sultan bin Mohammed Al-Qasimi. The two had met only a month earlier during the Emir s official visit to France accompanied by several of his ministers, during which he visited Paribas headquarters for lunch, together with businessmen and officials from both sides.

Then on 5 February, de Fouchier travelled to Doha to meet the Emir, H.H. Sheikh Khalifa bin Hamad Al Thani and several members of his government.

Inauguration of the Abu Dhabi branch

The last stage of this trip took Jacques de Fouchier to Abu Dhabi. The morning was devoted to official visits arranged by the French Ambassador Paul Carton, which enabled de Fouchier to meet H.H. Sheikh Khalifa bin Zayed Al Nahyan, Deputy Prime Minister in the Federal Cabinet and the eldest son and heir to the Ruler of Abu Dhabi. De Fouchier also held meetings with H.E. Saif Saeed bin Ghobash, Minister of State for Foreign Affairs; and H.E. Mohammed Habroush Al Suwaidi, Minister of State for Finance and Industrial Affairs.

JACQUES DE FOUCHIER, CEO OF PARIBAS, VISITS THE UNITED ARAB EMIRATES, 7 FEBRUARY 1974 (AGEFI) JACQUES DE FOUCHIER, CHAIRMAN OF BANQUE DE PARIS ET DES PAYS-BAS

VISIT TO THE MIDDLE EAST, 11 FEBRUARY 1974 (AGEFI)

47B N P PA R I B A S I N T H E G U L F S TAT E S A N D I T S C O N T R I B U T I O N T O T H E E C O N O M Y O F T H E R E G I O N