KACST to receive applications for training boot camp in Riyadh, Al-Qassim

Nawaf Al-Sahhaf, CEO of the Badir program.
Updated 13 March 2018

KACST to receive applications for training boot camp in Riyadh, Al-Qassim

King Abdul Aziz City for Science and Technology (KACST), represented by the Badir Program for Technology Incubators and Accelerators, has announced that it will start receiving applications from candidates for its training boot camp, which will be held in Riyadh and Al-Qassim in mid-April.
The boot camp aims to accelerate the growth of startups, assist in attracting funding, and develop a culture of entrepreneurship among youth.
The training boot camp, which will last for five days in each region, will include lectures, training programs, workshops and special sessions on topics related to the creation of new tech companies, how to effectively present ideas to investors, finance and business models that include examples of leading companies at the regional level.
For a project to be successful, it should be able to present an executable solution to problems in society. The idea must be innovative and unique and should meet the market demand. It should be sustainable and scalable, with great opportunity for growth and expansion.
Nawaf Al-Sahhaf, CEO of the Badir program, said that since its establishment, the training boot camp has been a platform to support Saudi entrepreneurs in establishing new and innovative tech companies through the skills and tools they acquire in the camp. He said the focus is on various aspects of the business world, in particular the establishment of Information and communication technology companies.
Participants will be guided and educated on how companies are created and their financial affairs, as well as work plans, strategies and creating the appropriate team for new projects.
Al-Sahhaf said that successful projects will gain access to investments in the early stages of the project. The Badir program will also help these projects obtain additional investments through a large network of local and regional investors.

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.