G-Shock outlet in Abha boosts Casio presence in KSA

The event was attended by Ayman Kamil Tawfiq, assistant general director for Casio Affairs; Mohammed Ali Basurrah, director of Casio department of Abbar Company; and Abdulrahman Al-Ahmari, branch manager of Khamis Mushyat.
Updated 07 November 2017

G-Shock outlet in Abha boosts Casio presence in KSA

Mahmood Saleh Abbar Co., Casio agent in Saudi Arabia, opened the latest Casio “G-Shock” store in Abha’s Al-Rashid Commercial Center on Oct. 23.
Spread over a 75-square-meter area in a prime location, the store features the latest generation of G-Shock watches, including high-end models.
The event was attended by Ayman Kamil Tawfiq, assistant general director for Casio Affairs; Mohammed Ali Basurrah, director of Casio department of Abbar Company; Abdulrahman Al-Ahmari, branch manager of Khamis Mushyat, in addition to clients, distributors and a large number of shoppers.
Tawfiq said the selection of Abha as the location of the new store aims at being active in the southern market.
With the new addition, there are six G-Shock stores in the Kingdom.
Tawfiq highlighted the 40-year-old strong commercial ties and strategic partnership between Abbar Company and Casio, “contributing to the desired success and common interests in the business of the Kingdom.”
The G-Shock store’s opening in Abha comes as part of a series of outlets to be opened later in Villagio Commercial Center and Queen Building in Riyadh, a statement from the company said.
The company aims to increase the points of communication with customers and create marketing channels in order to attract shoppers, organize promotional activities and strengthen the brand of Casio watches especially the brand of G-Shock, the statement said.

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.