Grant Hyatt Kochi hosts networking event in Riyadh

Photo shows Grant Hyatt Kochi officials — Mausam Battacharjee, director of sales and marketing; Girish Bhagat, general manager; Zafar Hussain Karmali, director of sales; Nishant P. Nair, associate director of sales; Nitin Singh, associate director of sales; and Shehim Mohammed, regional director, LuLu Saudi Hypermarkets.
Updated 12 October 2017

Grant Hyatt Kochi hosts networking event in Riyadh

Grand Hyatt Kochi Bolgatty recently hosted a networking event for tour operators and travel agents in Riyadh. The event was held at Hyatt Regency Riyadh Olaya and attended by Saudi Arabia’s top tour operators, travel bloggers and members of the media.
Girish Bhagat, general manager of Grant Hyatt Kochi Bolgatty, introduced a soon-to-open luxury waterfront resort, describing it as a “game changer” in South Indian tourism, especially in Kerala.
He said the resort has a large convention facility, which is expected to host a number of big events and conventions and draw tourists to South India.
“This is the most anticipated luxury hotel in South India and the convention center will boost the presence of Kerala on the world tourism map. We are proud to open our doors and set a new milestone for Kerala as a leisure and corporate meeting destination,” Bhagat added.
India and Saudi Arabia enjoy strong relations. Kerala is a popular tourist destination among Saudis.
The hotel and convention center is owned by UAE-based LuLu Group International.

Emirates NBD opens branch in Alkhobar

Updated 20 September 2018

Emirates NBD opens branch in Alkhobar

Emirates NBD, a banking group in the Middle East, has expanded its presence in the Kingdom with the opening of its first branch in Alkhobar in the Eastern Province. Emirates NBD now covers three key regions in Saudi Arabia with a presence in Riyadh, Jeddah and Alkhobar. 

As Saudi Arabia progresses plans for economic reform, in line with its Vision 2030, Emirates NBD’s presence builds on the growing economic and trade ties between Saudi Arabia and the UAE. Following the establishment of the Saudi-Emirati Coordination Council, the UAE and Saudi Arabia recently announced The Strategy of Resolve, a joint vision for economic development through 44 joint strategic projects within a five-year time frame. 

UAE-based Emirates NBD is the first non-Saudi bank with a significant branch network across the Kingdom. The bank offers retail, private, business and wholesale banking across its network of three full-fledged branches in the Kingdom, in addition to corporate finance advisory, project and syndicated finance through Emirates NBD Capital KSA, the bank’s investment banking arm.

Emirates NBD also operates in Egypt, India, Singapore, and the UK with representative offices in China and Indonesia. 

“Our presence in Saudi is integral to Emirates NBD’s growth strategy as we continue to explore opportunities in the GCC region’s largest and most dynamic economy,” said Hesham Abdulla Al-Qassim, vice chairman and managing director of Emirates NBD. 

“Saudi Arabia is in the midst of a landmark economic transformation and we look forward to continuing to support Saudi individuals and businesses looking for a trusted banking partner.” 

Emirates NBD recently renewed its partnership with the Kingdom’s Kafalah Program, which aims to promote financing to small and medium enterprises (SMEs) within the country.

Loai Abduljawad, CEO of Emirates NBD KSA, said: “Emirates NBD’s expanded network strengthens our offering to individuals and corporates in Saudi Arabia looking to invest and trade across the MENA region and beyond. Our superior value proposition, built on the bank’s unique ‘high tech + high touch’ philosophy of offering customers a modern banking experience complemented by personalized advisory services, will enable us to strengthen customer acquisition in the Kingdom as we continue to support the country’s long-term growth and development goals, as outlined in Saudi Vision 2030.” 

Emirates NBD is a leading banking group in the region. As of June 30, 2018, its total assets were 477.5 billion dirhams, ($130 billion). The group has a significant retail banking franchise in the UAE and is a key participant in the global digital banking industry, with over 90 percent of all financial transactions and requests conducted outside of its branches. The bank was declared the “Most Innovative Financial Services Organization of the Year” at the 2017 BAI Global Innovation Awards.