Alawwal supports Disabled Children’s Association

Updated 23 May 2018
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Alawwal supports Disabled Children’s Association

JEDDAH: As part of its community support initiatives, Alawwal Bank recently signed a partnership agreement with Disabled Children’s Association in Riyadh to support the work of the charitable organization under the program “Mubadarati.”
In addition to providing financial support, Alawwal Bank has pledged to help spread awareness of the association’s programs and activities and highlight the vital role the association plays in the care and rehabilitation of young people with special needs.
The agreement was signed by Soren Nikolajsen, managing director of Alawwal Bank; and Khalid bin Sulaiman Al-Fuhaid, assistant secretary-general, at the association’s headquarters in Riyadh.
During the visit, the bank delegates were briefed on the rehabilitation programs offered by the association for the care of children with disabilities. The focus of the discussion were the activities aimed at enabling the children to overcome their challenges, integrate them into the community and rehabilitate them physically and psychologically.
Nikolajsen lauded the association’s efforts to provide an inclusive environment and stimulate the children’s abilities, thus ensuring that this important group of society is well taken care of.
He underlined that the association’s work is fully aligned with the bank’s commitment to strengthen its ties with charities and humanitarian organizations in the Kingdom, aiming to give back to the local communities.
Alawwal Bank will provide not only financial contributions, but also leverage its own communication channels to help raise public awareness about the activities of the association and highlight its role in the care and rehabilitation of children with disabilities.
As the Kingdom’s oldest bank, Alawwal has a track record of working with social and charitable organizations and establishing partnerships that bridge the gap between the worlds of business and charity in Saudi Arabia.


AHG denies link with Al-Habtoor Trading Enterprises

Updated 16 January 2019
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AHG denies link with Al-Habtoor Trading Enterprises

Al-Habtoor Group (AHG) has clarified that the group and all its divisions, including Habtoor Hospitality (Habtoor Hotels) have no link or relationship of any kind with Al-Habtoor Trading Enterprises (HTE) and its owner Rashid Al-Habtoor.

This is following news released in major Indian and Middle Eastern media about a potential acquisition of the Leela Group of Hotels in India (Hotel Leela venture) by Rashid Al-Habtoor, founder and owner of Al-Habtoor Trading Enterprises.

A spokesperson for Al-Habtoor Group said: “We feel obligated to clarify that Al-Habtoor Group in all its divisions and Al-Habtoor Trading Enterprises are two separate entities. Habtoor Hospitality, commonly known as Habtoor Hotels, is owned solely by Al-Habtoor Group in the UAE and overseas.”

“... Any actions or business decisions taken by Al-Habtoor Trading Enterprises or any of their associates are their sole responsibility, and Al-Habtoor Group is not liable under any circumstance for any damages or liabilities arising directly or indirectly from Al-Habtoor Trading Enterprises business ventures.”