SABB Academy graduates 130 trainees in second batch

Updated 23 February 2018
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SABB Academy graduates 130 trainees in second batch

SABB Academy recently celebrated the graduation of the second batch of diploma and bachelor graduates from different regions of the Kingdom.
One hundred and thirty trainees participated in the three-month program, which began in last October.
“SABB Academy seeks to qualify trainees and help them to increase their chances of finding jobs suitable for their qualifications and potential in the labor market through advanced and intensive training courses, in cooperation with specialized training centers offering a number of skills such as self-development, communication skills, customer experience, banking services, compliance and anti-money laundering, as well as the development of English language and computer skills over a period of three months in Riyadh, Jeddah and Dammam,” a press release said.
All trainees will receive financial rewards and professional certificates accredited by the banking institute, which is under SAMA, when the requirements of the course are completed.
The SABB Academy is part of the bank’s community development projects, and one of the Saudi British Bank’s initiatives to support the Saudi Vision 2030.
It seeks to support youth aspirations, which are the cornerstone of success, and help them in developing their skills and abilities to achieve a better future and job opportunities that match their qualifications and ambitions.
SABB Academy has graduated 114 trainees in its first batch. A career day for graduates was organized and many local leading banks and companies were invited to offer jobs to the graduates. The academy has received wide acceptance from the applicants as well as specialists in the banking sector.
The academy said it will continue to provide its programs as per the requirements of the labor market.


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.