Zain KSA partners with Trescon Global for digital transformation conference

Sultan bin Abdulaziz Al-Degaither, COO of Zain Saudi Arabia.
Updated 08 December 2017
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Zain KSA partners with Trescon Global for digital transformation conference

Zain Saudi Arabia in collaboration with Trescon Global, recently sponsored the Big DT Show Conference, held in Riyadh for two consecutive days. The move is in line with Zain’s support of the digital transformation programs in Saudi Arabia. The conference was highly attended, with key participants of senior professionals in the public and private sectors.
The conference included a series of panel discussions, presentations, workshops and live demonstrations in the field of technology; all were presented by leading global and Middle East companies. The main topic of discussion at the conference was the key role of technology in many areas, including but not limited to national development, accelerating technological growth, the 4th industrial revolution, smart cities, present and future robots, artificial intelligence revolution, and technical applications for 5G. Zain KSA also gave a live demonstration on 5G technology, as well as a scientific symposium on digital transformation and quality of life.
Sultan bin Abdulaziz Al-Degaither, chief operating officer, Zain Saudi Arabia, said: “At Zain Saudi Arabia, we strive to be influential on the country’s movement toward digital transformation, in line with Vision 2030. We are up to date on all aspects relevant to technical development, and how to integrate that into everyday life, be it on an individual or corporate level, all the while applying the highest standards of quality and innovation.”
He added: “The Kingdom’s keen interest and focus is on elevating the level of services of the ICT sector, and we are determined to play a significant role and save no efforts toward achieving the national ambition. At the same time, we look forward to collaborating and partnering with key players across all sectors in manners that provide real and tangible opportunities for progress.”
The conference covered a number of worksheets, studies and applications related to the most advanced technologies such as 5G, IoT and Big-Data. Utilizing local, international experts and industry leaders, it is expected to help organizations transform their work to better serve their customers, and to contribute to the digital transformation efforts in the public and private sectors.


Emirates NBD opens branch in Alkhobar

Updated 20 September 2018
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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.