Ministry of Health signs community partnership agreement with Nahdi

Minister of Health Dr. Tawfiq bin Fawzan Al-Rabiah and Yasser Joharji, chief executive officer of Nahdi Medical Company.
Updated 19 March 2018

Ministry of Health signs community partnership agreement with Nahdi

Minister of Health Dr. Tawfiq bin Fawzan Al-Rabiah has signed a community partnership agreement between the ministry and Nahdi Medical Company, represented during the signing by its chief executive officer, Yasser Joharji. The agreement was signed on Thursday at the Crowne Plaza Hotel in Riyadh Digital City.
The community partnership agreement aims to build community sustainability. The Ministry of Health aspires to promote the private sector’s contribution to health development and enable it to carry out business with healthy returns that meet the actual needs of the community, while Nahdi Medical Company aims to serve its community and the nation through sustainable and charitable health projects.
Through this agreement, the Ministry of Health will facilitate Nahdi’s work and oversee all partnership projects between the two parties, whereas Nahdi Medical Company will offer health services inside 50 educational clinics in its pharmacies for 100,000 patients, including medical, diabetes and vaccination education, in addition to a weight management program targeting 100,000 patients.
Joharji said: “We signed this agreement with the Ministry of Health in the framework of Nahdi’s strategy within the Kingdom’s Vision 2030 in order to expand the company’s community health services. We aspire to become a central community pharmacy providing medication alongside our role as provider of knowledge, awareness and services.”
Joharji explained that the Nahdi Medical Company will offer diabetes and medication education services to patients through 50 pharmacies across the Kingdom, with the goal to complete 300,000 diabetes education sessions by 2020. Furthermore, an electronic application for educating diabetes patients will be designed and built with the objective to target 100,000 patients by 2020.
In addition, Nahdi will prepare two mobile health convoys to serve pilgrims and visitors, both of which will offer diabetes, blood pressure measurement and medication education to 30,000 pilgrims by 2020. Non-prescription medication such as fever reducers and cold medicine will also be provided to all pilgrims benefiting from the service.
The agreement includes awareness campaigns for obesity, walking and weight management (Wazen Program), which include the launch and implementation of a weight loss competition across the Kingdom through the “10 Billion Steps Campaign,” encouraging 200,000 people to adopt the habit of walking 10,000 steps a day.

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.