Al-Muhaidib Group advances its digital transformation strategy

From right, Ahmed Al-Faifi, managing director, SAP Saudi Arabia, Bahrain and Yemen; Abdulkareem Al-Khalawi, vice president of IT, Al-Muhaidib Group; Steve Tzikakis, president of Europe, Middle East, and Africa (EMEA) South, SAP; and Bassel Alomari, senior strategic sales executive — consumer, wholesale, life sciences industries, SAP Saudi Arabia.
Updated 18 December 2017
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Al-Muhaidib Group advances its digital transformation strategy

One of the Kingdom’s largest conglomerates and investment companies, Al-Muhaidib Group, launched its digital business strategy, with digital transformation enabler SAP in an enterprise agreement signed by Abdulkareem Al-Khalawi, vice president of IT at Al-Muhaidib Group, and Steve Tzikakis, president of Europe, Middle East, and Africa (EMEA) South at SAP.
Al-Muhaidib Group is undergoing digital transformation across its 93 affiliates, covering five key sectors: Building materials, food, contracting, utilities and infrastructure and real estate.
This is in line with the Saudi Vision 2030, which is calling on private sector contribution to GDP to grow from 40 percent to 65 percent.
As part of its digital transformation, Al-Muhaidib Group’s eight largest entities will run on the SAP HANA in-memory platform.
“Saudi’s largest organizations need to run in real-time to enhance their business competitiveness. Using SAP HANA, Al-Muhaidib Group now has the real-time analytics to ensure our customers have the right products at the right time. We have enhanced our performance, improved our reporting time, and can better fuel our regional and international expansion,” said VP Al-Khalawi.
One of the oldest and largest conglomerates in the Kingdom, Al-Muhaidib Group was founded in 1943. Its most prominent investments include Mayar Foods, Savola Group, Masdar Building Materials and Thabat Construction, Saudi Tharwa in real estate, and ACWA Holding.
“Al-Muhaidib Group is at the cutting edge of Saudi organizations undergoing digital transformation. Conglomerates are the lifeblood of the Saudi economy, across a wide range of industry verticals. SAP is committed to exchanging global best practices in enabling Saudi Vision 2030’s nationwide digital transformation and private sector companies to take their business plans to the next level,” said Ahmed Al-Faifi, managing director, SAP Saudi Arabia, Bahrain and Yemen.


Bank Aljazira launches Noor Innovation Program

Updated 10 December 2018
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Bank Aljazira launches Noor Innovation Program

Bank Aljazira has launched the “Bank Aljazira Noor Innovation Program” under the umbrella of the Fintech Saudi initiative.

The program, aligned with Saudi Vision 2030, was launched on Wednesday at the Jeddah Hilton hotel. 

It aims to foster the financial technology system in the Kingdom in order to make the country a leading center of financial technology that embraces a thriving and liable system and covers banks, investors, companies, universities and state institutions, thereby contributing to the fostering of financial inclusiveness and increase of digital financial business.

The launch ceremony was attended by executives from Bank Aljazira and Fintech Saudi, public and private sector officials and experts and specialists in the financial technology field.

“The launch of this financial technology challenge by Bank Aljazira aims to foster the bank’s position as a leader in digital banking services field in the Kingdom. 

“It also reflects the bank’s responsibility to the community,,” a press release said.