GIB launches trial phase of retail banking services

Updated 08 July 2014
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GIB launches trial phase of retail banking services

Gulf International Bank BSC (GIB) has initiated its trial phase for retail banking services to Saudi customers under the meem brandname.
The bank will provide services to the retail banking sector “using a bold and innovative approach focused on technology” and will provide a suite of non-traditional products that are considered a new addition to the Saudi banking sector, which is set to propel the bank into a new era.
In developing its retail services for specific customers, GIB adopted the co-creation concept with a large target customer base using various social media channels over the last three years to contribute to the shaping of meem’s identity, as well as defining the bank’s product offering throughout the establishment phase. This co-creation experience is considered the first of its kind in the banking sector globally.
Meem is a registered trademark and an independent brand, offering a suite of innovative Shariah-compliant non-traditional banking services that are approved by the Saudi Arabian Monetary Agency (SAMA) and target a technophile customer base.
Initially, meem network comprises service centers in the three main cities — Riyadh, Jeddah and Dhahran — and is managed by GIB’s Saudi head office in Dhahran.
Yahya Alyahya, GIB CEO, stated that the launch of "meem" comes in response to the needs of a wide array of customers who want a new breed of banking services.
“By launching meem, we are enabling customers to benefit from a range of banking services that are both simple and flexible by availing effective solutions, which create a smooth and holistic banking experience.”
Gulf International Bank (GIB) offers a range of financial products and services that meet the needs of its customers, including investment banking services, asset management, financial market products, initial public and private offerings, sukuk and bonds issuance, and Shariah-compliant financial services.


Dubai Crown Prince visits STC booth at GITEX 2018

Updated 20 October 2018
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Dubai Crown Prince visits STC booth at GITEX 2018

Crown Prince of Dubai Sheikh Hamdan bin Mohammed bin Rashid Al-Maktoum recently visited the Saudi Telecom Company’s (STC) booth at the GITEX Technology Week 2018 in Dubai. He was received by Senior Vice President of Enterprise Business at STC Dr. Tareq Enaya.

Sheikh Hamdan reviewed the latest telecom and IT services and solutions launched by the company. STC said its new services are in line with its role as a driver of digital transformation in Saudi Arabia as per Saudi Vision 2030. 

STC recently inaugurated its latest innovation in in-flight call technology through a live call made 30,000 feet above on board of a plane heading to Jeddah from Riyadh, with the video call being directly transmitted to the GITEX conference.

The service allows for in-flight video calls by equipping airplanes with mobile data and broadband through signals from LTE ground-based stations, which boast many features compared to older technologies that rely on satellites. This will enable airlines and other stakeholders to provide better services than currently adopted older standards at a lower cost per Mb, higher data transfer rate of up to 75 Mb/s, and a lower delay time.

Dr. Enaya said: “In-flight call technology is one of many other examples that illustrate the way STC is working with its partners and customers to provide the latest products and services and thus improve services offered to airlines and service providers.The new in-flight call service offers state-of-the-art features, including a stable connection and high-speed connectivity. This makes it indeed the next generation of transmission technology, which will open new horizons in terms of products and services.”

He further pointed out to all the areas that could benefit from this new technology, including airlines, media and entertainment, natural resource exploration, safety and security, and telecommunications. 

STC staff were on hand at GITEX to address its potential customers on the new technology. The company has said that its GITEX participation will focus on the newest technological solutions and that it will shed light on its specialized services in the fields of cloud computing, cybersecurity, Internet of Things, blockchain applications, and big data analysis.

STC is currently working with various stakeholders and partners to enrich this new technology, including Nokia for LTE phone devices, Thales for onboard equipment, EAD for supplementary technical certification, AMAC for maintenance, repairs, and operation for onboard installation, and Sky Prime, a private charter airline on whose planes the technology is being tested directly.