Aljazira Capital wins Thomson Reuters’ ‘Best Brokerage House’ award

Vikas Jain, head of financial institutions segment in Middle East and North Africa at Thomson Reuters, presents the award to Ziad Aba Al-Khail, managing director and CEO of Aljazira Capital.
Updated 22 December 2017

Aljazira Capital wins Thomson Reuters’ ‘Best Brokerage House’ award

Aljazira Capital, a company licensed by the Saudi Capital Market Authority (CMA) under No. 37-07076, has been named the “Best Brokerage House” by Thomson Reuters.
The award recognizes Aljazira’s “strong position and commitment to developing and improving its financial and investment services, as well as its ability to keep abreast of changes and developments in the local and international markets, and its success to provide its customers with the best innovative solutions over the past years.”
Vikas Jain, head of the financial institutions segment in Middle East and North Africa at Thomson Reuters, presented the award to Ziad Aba Al-Khail, managing director and chief executive officer of Aljazira Capital, at his office in Riyadh.
This is the third such award granted by Thomson Reuters to one of the largest Saudi brokerage firms. Jain praised Aljazira’s role as a world-class regional provider of Shariah-compliant investment services and solutions, and as one of the most prominent companies offering a complete set of unique value and quality services, with a clear and transparent approach.
Al-Khail attributed the continued recognition of Aljazira over the past years to the great confidence of investors in the company.
“The new award demonstrates the soundness of our methodology and emphasizes the success of our strategy, while at the same time, reinforces our responsibility to continue to deliver and manage an integrated system of investment services and solutions,” he said.
Thomson Reuters, the parent company of English news agency Reuters, based its evaluation on the methodology of measuring the achievements of the last three years, including the scale of development of Aljazira Capital products and services.
The awards aim to inspire a real change in the financial and banking services sector by honoring the providers of innovative solutions and initiatives that promote adoption of best practices and gain global importance, combining industry expertise and innovative technology to deliver critical information to decision makers in the financial markets.

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.