Mobily signs partnership deal with Almajd TV Network

Updated 19 July 2014
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Mobily signs partnership deal with Almajd TV Network

Mobily has signed a partnership arrangement with Almajd TV Network, aiming to provide special and exclusive services to Almajd Network subscribers.
The memorandum of understanding was signed by Khalid Al-Kaf, managing director and CEO of Mobily, and Ahmed bin Abdulaziz Al-Fayez, Almajd TV Network chief executive, at Mobily’s headquarters in Riyadh.
Al-Kaf expressed his pleasure over this agreement and assured that Mobily is now taking specific and decisive strides to be transformed into a provider of an integrated CIT services.
The content services, especially those complying with them with Islamic identity and Arab culture, are our next desired goal. In this context, Mobily has got into many partnerships, most notably with Almajd TV Network.
Al-Kaf added: “Almajd TV Network has gained popularity and good reputation in the Arab world in general and the Kingdom in particular, so we are keen to provide the best telecommunication services and latest technical solutions to Almajd TV Network and we look forward to take advantage of their rich content.”
In this context, Al-Fayez said that Almajd TV Network is doing its utmost for further care of the network subscribers, so it took the initiative toward this partnership, aiming to provide innovations and new distinguished designs to meet the needs of Almajd TV Network subscribers befitting their taste and satisfaction.
Al-Fayez added that it was agreed that Almajd TV Network will be the first media partner of Mobily in purposeful media.
Also, Mobily becomes the exclusive partner of Almajd TV Network to provide new communication services to its subscribers and customers who enjoy special features and have high sense of loyalty to the network.
Rapid changes being witnessed in telecom and media will raise the level of challenges facing companies operating in these sectors, and partnerships will help facing the challenges, he added.


ICD, BBI launch global private sector platform

The agreement was signed by Ayman Sejiny, CEO of ICD, and Amer Bukvic, CEO of BBI, on Wednesday at the ICD’s headquarters in Jeddah.
Updated 19 May 2019
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ICD, BBI launch global private sector platform

The Islamic Corporation for the Development of the Private Sector (ICD) and Bosna Bank International (BBI) signed a memorandum of understanding on May 16 in Jeddah. The MoU is related to a new initiative — the Global Platform for Private Sector — where the two institutions and community of like-minded financial entities can collaborate on business opportunities, exchanging market intelligence and laying a foundation for actual financial transactions within the member countries and across borders.
The signing ceremony took place in ICD’s headquarters in Jeddah and the document was signed by Ayman Sejiny, CEO of ICD, and Amer Bukvic, CEO of BBI.
Sejiny said: “ICD takes the lead in launching such a platform network to demonstrate productive applications of fintech in modern global business affairs, to help reduce financial transaction costs for its member banks, leasing companies and micro-finance institutions and to upgrade the advisory services that ICD offers to its partners across the Islamic developmental network.”
Bukvic added: “We welcome the initiative and we’re happy to be among the first entities to sign the MoU with ICD. Such a platform would open opportunities for Bosnia and Herzegovina, BBI bank and other partners once implemented, and will most certainly facilitate investment across borders. This will extend our efforts already expressed by organizing international events in the capital of Bosnia and Herzegovina, such as the Sarajevo Business Forum and the Sarajevo Halal Fair.”

 

Bosna Bank International (BBI) d.d. Sarajevo is the first bank, both in Bosnia-Herzegovina and Southeast Europe, to operate in accordance with Islamic finance principles. BBI offers several types of financial services to retail and corporate clients through its business based on ethical principles and partnership. Shariah compliance is ensured by the BBI Shariah board with members of this board being prestigious local and international experts.
The Global Platform for Private Sector will be a cloud-based, next-generation, full-featured networking and fulfillment platform hosted by ICD for the benefit of its network of 88 financial institutions and 12 leasing companies worldwide. One major goal of this online platform is the sharing of investment, advisory, sukuk, financing and other deals in an environment of common Islamic values.
ICD is a multilateral development financial institution and is part of the Islamic Development Bank (IsDB) Group. It was established in November 1999 to support the economic development of its member countries through the provision of finance for private sector projects, promoting competition and entrepreneurship, providing advisory services to the governments and private companies and encouraging cross-border investments.
ICD has an authorized capital of $4 billion. Currently, the shareholders of ICD are the IsDB, 54 Islamic countries and five public financial institutions.

Decoder

The Global Platform for Private Sector will be a cloud-based, next-generation, full-featured networking and fulfillment platform hosted by ICD for the benefit of its network of 88 financial institutions and 12 leasing companies worldwide.