GIB continues expansion, boosts KSA presence

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Dr. Abdullah bin Hassan Alabdulgader, chairman of GIB.
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Abdulaziz bin Abdulrahman Al-Helaissi, group CEO of GIB.
Updated 14 August 2018
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GIB continues expansion, boosts KSA presence

Gulf International Bank (GIB) has announced further progress in the implementation of its expansion strategy to position itself as a pan GCC-universal bank. GIB is now in its final stages of completing the necessary steps to convert its branches into a locally incorporated bank in Saudi Arabia, GIB’s largest market.

In May 2017, GIB received approval from the Saudi Council of Ministers to convert its branches to a locally incorporated bank, Gulf International Bank — Saudi Arabia (GIB KSA). While GIB continues to take steps to receive the required regulatory approvals, it has begun an internal process to ensure that all requirements of a locally incorporated bank license are met and that the business is effectively designed to meet customer demands.

Dr. Abdullah bin Hassan Alabdulgader, chairman of GIB, said: “As we progress the establishment of a new, locally incorporated entity in Saudi Arabia, we also reinforce our commitment to the Kingdom and its Vision 2030. This milestone sets the stage for GIB’s expansion plans across the region.”

Abdulaziz bin Abdulrahman Al-Helaissi, group CEO of GIB, added: “We continue to enjoy strong momentum in our plans to further diversify the business. This includes expanding our presence in key markets whilst investing in technology, people and platforms.”


Oman’s SalamAir marks 2 years of affordable travel

Updated 19 February 2019
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Oman’s SalamAir marks 2 years of affordable travel

SalamAir recently celebrated two years of affordable travel to a growing range of destinations. This landmark occasion sees the airline mark various milestones, including the growth of operations and expansion of fleet and destinations.

Captain Mohamed Ahmed, CEO of SalamAir, said: “Our success so far has been built on the promise of offering a different proposition to travelers locally and regionally. We have been focused on providing guests with affordable, flexible and rewarding travel options across our expanding network. We have also been focused on optimizing our operations, while looking into the future by investing in one of the most in-demand aircraft, the A320neos, a model that promises to improve our passenger experience and efficiency. With the first one already delivered and flying, we will be adding five more A320neos taking our fleet size to nine, compared to three when we started two years ago.” 

Since its inaugural flight from Salalah to Muscat on Jan. 30, 2017, SalamAir has carried over 1.4 million passengers. The airline enjoyed a steady rise in passenger footfall powered by its expanding route network currently standing at 14 destinations, competitive price offers, as well as the customer-centric loyalty program “More on Air.”

The program rewards guests with a one-way airline ticket in exchange for 10 boarding passes collected within a year. The airline has three “easy fare” options: Light, Friendly and Flexi, as well as a fairly priced menu of extras, such as extra luggage allowance, seat selection and priority check-in options. The airline recently introduced a new meal menu onboard.

CEO Ahmed added: “With the arrival of the new fleet, we will open up new destinations, some of which will be the first time connecting through direct flights to Muscat like Alexandria in Egypt, plus some unique summer destinations. We will connect the rest of the GCC and increase the frequencies in many of our current destinations where we have seen increased demand.” 

SalamAir also offers its guests a selection of promotions, such as the “Tempting Tuesday” weekly deal on all fares.