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.


Hyundai Motor Park offers a day out for families

The custom-built track has obstacles/props simulating real-life scenarios, from paying for petrol to watching drive-in movies.
Updated 23 October 2018
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Hyundai Motor Park offers a day out for families

Women in Saudi Arabia are being encouraged to get behind the wheel at a series of fun, informative events being held over the next two months.

Hyundai Motor Park 2018 will enable females with driving licenses to test-drive one of five models on a custom-built track complete with obstacles/props simulating real-life scenarios, from paying for petrol to watching drive-in movies. 

Non-drivers, husbands, and children will also be catered to with food and entertainment.

“We hope Hyundai Motor Park 2018 will boost women’s confidence and enthusiasm about the prospect of being able to drive in Saudi Arabia,” said Mike Song, head of Hyundai Middle East and Africa.

“The fun, informative sessions have been designed to address some of the most common concerns among new and infrequent drivers, such as a fear of involvement in accidents.” 

The motor park will provide education about road safety and highlight some of the technological advances that are making motoring safer. It will include a driving track featuring props that mimic real-life situations on the road, but in a secure environment. During the test-drive, motorists will navigate activities such as ordering food at a drive-through restaurant, refueling at a gas station, and finding a parking space at a mall while avoiding common hazards such as abandoned trolleys. At the end of the session, they will park in front of a “drive-in” cinema and receive an individual evaluation of their driving, plus tips.

Five Hyundai models will be available to try out. A professional driving instructor will demonstrate the vehicles’ key features, then accompany each participant on a 20-minute test-drive of the vehicle of her choice. Women who have yet to obtain their driving licenses need not miss out on the experience. They will be invited to ride in the vehicle of their choice while an instructor leads them around the course.

Each participant will be introduced to pertinent road safety topics, such as hazard perception, parking, and basic defensive driving to avoid dangerous situations. 

Hyundai Motor Park 2018 offers fun for all the family, plus five food trucks. Children will learn about how cars work by building their own model engines; other entertainment will include quizzes, a giant game of Jenga, and a session on Korean handicrafts, a collaboration with Korea Tourism Organization. 

Hyundai Motor Park 2018 will take place in Dammam from Oct. 31 to Nov. 3, in Riyadh from Nov. 14 to 17, and Jeddah from Dec. 17 to 20.