The German bank will operate from Monday to Friday in the Sunni Muslim-ruled country from Jan. 3, instead of the current Sunday-Thursday as is common in the Middle East, a source familiar with the matter told Reuters.
The France-based Société Generale spokesperson said it will be implementing the Saturday-Sunday weekend in its entities in Dubai and Abu Dhabi from Jan. 2, according to an emailed statement.
Representatives of Bank of America did not immediately respond to a request from Reuters for comment.
The banks’ move comes after the UAE said on December 7 it would shift to a four-and-a-half-day week with a Saturday-Sunday weekend from early next year.
However, private companies are free to choose their own working week in the oil-producing Gulf state, the region’s commercial, trade and tourist center.
Over the past year, the UAE has taken steps to make its economy more attractive to foreign investment and talent at a time of growing economic rivalry with Saudi Arabia.