NBAD safest bank in Middle East among world’s top 50

Updated 28 August 2013
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NBAD safest bank in Middle East among world’s top 50

Global Finance, a prestigious international financial magazine, has ranked NBAD for the fifth consecutive year among its ‘World’s 50 Safest Banks’.
NBAD remains the highest ranked Middle East bank in the list.
Global Finance’s annual ranking of ‘World’s 50 Safest Banks’ is a recognized and trusted standard of creditworthiness for the entire financial world.
“The continuous inclusion of NBAD among the world’s 50 safest banks reflects our disciplined strategy and ongoing focus on long term, sustainable growth,” says Alex Thursby, group CEO of NBAD.
“NBAD’s continued strong credit ratings complemented by its ranking among the World’s 50 Safest Banks are an invaluable asset that will serve our ambitious growth plans, including our strategy to be a leading player in the West-East Corridor.”
Global Finance selects banks for this list through an evaluation of long-term credit ratings — from Moody’s, Standard & Poor’s, and Fitch — and total assets of the 500 largest banks worldwide.
“This ranking offers companies an objective tool for evaluating the world’s banks, both globally and by region,” says Joseph D. Giarraputo, publisher of Global Finance.
Regarding the top safest banks in the Middle East, in which NBAD ranked highest, Giarraputo says: “Global Finance’s Safest Banks ranking provides an objective tool for benchmarking and analysis of regional banks.”
NBAD’s long term ratings are among the strongest combined ratings of any financial institution in the MENA region with ratings from Moody’s Aa3, Standard & Poor’s (S&P) A+, Fitch AA-, RAM (Malaysia) AAA, R&I’s (Japan) rating of A+, and ranked among the World’s 50 Safest Banks by Global Finance.
“NBAD has retained and strengthened its position in the league of the safest institutions in the world by virtue of the prudence exercised in its business conduct. During the recent global financial crisis, NBAD remained true to its principle of utilizing its strong balance sheet to support customers. NBAD’s financial strength has allowed us to continue doing business and expand throughout the crisis,” says Abdulla M. S. Abdul Raheem, deputy group CEO of NBAD.


Saudi Arabian Airlines displays new products

Updated 24 April 2018
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Saudi Arabian Airlines displays new products

Saudi Arabian Airlines (Saudia), the Kingdom’s national carrier, is participating in the Arabian Travel Market (ATM), taking place in Dubai this week. This year marks the 25th edition of the show. Saudia has participated consistently throughout the years.
The airline has rolled out many new products and onboard amenities this year, including a new Business Class Porsche Design Men’s kit and Furla Ladies kit, as well as new children’s characters and kits.
Saudia is debuting a new exhibition stand design (9 x 30.5 meters) along with many interactive features and products on display. These include all the latest seats on static display — First Suite (first class), Business Class, and the Guest Class (economy) seats.
Also on display is a “smart model” experience, which provides a 3D interactive tour through the new Jeddah King Abdul Aziz International Airport.
Saudia is currently in the midst of a rapid transformation, fleet and network expansion program.
The airline has achieved double-digit growth in international passenger traffic, flying to 89 destinations across four continents. Saudia is receiving on average, one new aircraft every 12 days. Currently at 147, by the end of 2020 the fleet is set to reach 200 aircraft.
“Saudia looks forward to welcoming its travel retail partners, media and hospitality guests at ATM. The airline’s stand is located at ME 4310,” the airline said in a press release.
Currently in its 73rd year of operations, the airline is a member of the International Air Transport Association (IATA) and the Arab Air Carriers Organization (AACO).
Saudia carried 30 million passengers in 2016, and was named the 2017 World’s Most Improved Airline by Skytrax, an independent global aviation industry monitor.
The airline has 11 codeshare partners including: Garuda Indonesia, China Southern Airlines, Air France, Royal Air Maroc, Alitalia, Korean Airlines, KLM, Middle East Airlines, Aeroflot, Air Europa and Oman Air.