New general manager for Daimler Trucks in Saudi Arabia

Heiko Schulze has over 30 years of experience in the automotive sector.
Updated 17 February 2018
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New general manager for Daimler Trucks in Saudi Arabia

National Automobile Industry Company Ltd. (N AI) has appointed Heiko Schulze as its new general manager.
Schulze has over 30 years of experience in the automotive sector, working with Daimler AG in Germany, Poland, and Russia, and is supported by a strong management team.
Schulze said that he is delighted with the appointment.
“Mercedes-Benz and Juffali are both very strong brands in their own right, with an excellent reputation in the Kingdom. Together they form a solid partnership and will continue building on the success of Mercedes-Benz vehicles in the region. Our No. 1 priority is to increase levels of customer satisfaction through providing commercial vehicles you can trust, and after-sales solutions that will lower customers’ total cost of operation.”
NAI is a joint venture operation between Daimler AG and E.A. Juffali & Brothers and has been assembling Mercedes-Benz trucks in the Kingdom for more than 40 years. Together with its distribution arm, Juffali Industrial Products Company, they provide high-quality products and services in Saudi Arabia, representing Mercedes-Benz Trucks and Buses, Freightliner, Western Star and MCV Buses.


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.