United Motors Company launches 2 new Alfa Romeo models at EXCS 11

Two new Alfa Romeo models were launched recently at the Luxury Motor Show (EXCS 11) in Riyadh.
Updated 19 October 2017

United Motors Company launches 2 new Alfa Romeo models at EXCS 11

United Motors Company, the exclusive distributor of Chrysler, Jeep, Dodge, Ram, Fiat, Fiat Professional, and Alfa Romeo in Saudi Arabia, launched two new Alfa Romeo models recently at the Luxury Motor Show (EXCS 11) in Riyadh.
“We are proud that Alfa Romeo has been added to our diverse brands and looking forward to ensure Alfa Romeo gets the attention it deserves in the Saudi market. Alfa Romeo is the vehicle of choice for those among automobile enthusiasts seeking driving pleasure,” said a spokesperson for United Motors Company.
The company expects Alfa Romeo to be the first choice of women drivers in Saudi Arabia.
The new Alfa Romeo Giulia is considered the world’s most dynamic medium sedan medium car. This sedan car has achieved the best performance and control in its class and is considered the fastest 4-door sedan on the German Nurburgring motorsports complex Nürburgring.
Alfa Romeo Giulia Quadrifoglio is designed to be the standard model of the brand with gasoline engine, equipped with V6 turbocharger 2.9-liter size, inspired by Ferrari technology that generates 505 horsepower.
United Motors Company also introduced at the expo Alfa Romeo’s flagship Stelvio, the first SUV by the Italian manufacturer.
“Stelvio is the outcome of the perfect mix between performance and stability, focus on driver, and the elegant Italian design. Stelvio, which is named after the greatest road of the Italian Alps, has set new standards in luxury SUVs of medium size.
Stelvio, outfitted with a turbo engine fully made of aluminum size 2-liter a horsepower, grants the driver a high level of performance and efficiency which leads this vehicle to be the best in its class,” the company said in a press release.
It claimed there are five elements that have made Alfa Romeo one of the most desired cars in the world — the unique Italian design, creative and advanced engine, perfect weight balance by 50/50 percent, unique technology, and the best balance between weight and power.
United Motors Company, which was established in 1999, has significantly contributed to the Saudi automotive sector.
There are more than 70 outlets providing sales services, aftersales services, maintenance and parts.

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.