GIB launches trial phase of retail banking services

Updated 08 July 2014

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.

Bahri’s maritime solutions on show

Updated 20 February 2019

Bahri’s maritime solutions on show

Saudi shipping company Bahri is demonstrating its commitment to advancing the growth of maritime industry and improving security in the logistics business at the International Defense Exhibition (IDEX) and Naval Defense and Maritime Security Exhibition (NAVDEX).

The events are being held under the patronage of Sheikh Khalifa bin Zayed Al-Nahyan, president of the UAE and supreme commander of the UAE Armed Forces in Abu Dhabi from Feb.17-21.

Khaled bin Hussain Biyari, assistant minister of defense — executive affairs; General Awwad Eid Al-Balawi, director general of Saudi Arabian Border Guards; and other officials visited Bahri’s booth during the events.

As part of its participation, Bahri is showcasing its maritime capabilities and innovation-driven solutions at the largest defense expo in the Middle East. The company is also highlighting its unmanned surface vessels (USVs) at its booth. Powered by MAP Pro technology, which transforms any vessel into an autonomous one, Bahri’s USVs are capable of numerous applications, including gathering data, surveillance and reconnaissance. In addition, the vessels offer significant cost savings and reduce human workload in high-risk operations. 

Bringing together more than 1,310 specialized companies from 62 countries, both events offer a strategic business platform for exhibitors to present their latest naval, maritime and coastal security technology, equipment and crafts, and explore partnership opportunities with local and international companies. 

Abdullah Aldubaikhi, CEO of Bahri, said: “Events such as IDEX and NAVDEX provide a unique opportunity to gather new insights into new security technologies that can help companies thrive in a safe and secure trade. With Saudi Arabia being at the forefront of efforts aimed at maintaining stability and security in the region, maritime security is a key focus area for the Kingdom.” 

Aldubaikhi added: “Bahri’s presence at IDEX and NAVDEX 2019 is part of our strategy to further strengthen our offerings to enhance the Kingdom’s maritime capabilities and support its transformation as the world’s leading logistics hub. The exhibition also provides us with an excellent platform to connect with our customers and explore new partnership opportunities that will further drive our ambitious expansion plans.”

Bahri Logistics, one of the five business units within Bahri and one of the top 10 breakbulk carriers in the world, operates six new state-of-the-art multipurpose vessels that are capable of carrying different types of cargo, including project, ro-ro, breakbulk, equipment, and container cargo.