Saudia Cargo brings in WWE equipment to KSA

Saudia Cargo B747-8 transported the 100-ton equipment and machinery together with sound and lighting systems and other supplies from Maastricht, Netherlands, to Riyadh in mid-October.
Updated 11 November 2018
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Saudia Cargo brings in WWE equipment to KSA

Saudi Airlines Cargo Company has once again helped bring World Wrestling Entertainment (WWE) event to the Kingdom by transporting all the equipment and supplies for the long-anticipated Crown Jewel tournament to Riyadh.

The WWE event, which millions of wrestling enthusiasts look forward to, went ahead on time and as planned thanks to the “advanced logistics capabilities of the cargo company and its dedicated operations team,” according to the company.

Organized by the General Sports Authority, the Crown Jewel event was held on Friday at King Saud University stadium in Riyadh with the participation of the best professional wrestlers in the world. 

Saudia Cargo B747-8 transported the 100-ton equipment and machinery together with sound and lighting systems and other supplies from Maastricht, Netherlands, to Riyadh in mid-October. 

Last April, the company transported the WWE heavy equipment and machinery including the parts of the wrestling ring from John F. Kennedy International Airport to Jeddah, where the WWE event took place. 

Saudia Cargo boasts a state-of-the-art freighter fleet with large aircraft in addition to its capacity available on passenger airplanes. The company operates flights to various international destinations, offers charter services and delivers cost-effective solutions for myriad logistic services. 


ICD, BBI launch global private sector platform

The agreement was signed by Ayman Sejiny, CEO of ICD, and Amer Bukvic, CEO of BBI, on Wednesday at the ICD’s headquarters in Jeddah.
Updated 19 May 2019
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ICD, BBI launch global private sector platform

The Islamic Corporation for the Development of the Private Sector (ICD) and Bosna Bank International (BBI) signed a memorandum of understanding on May 16 in Jeddah. The MoU is related to a new initiative — the Global Platform for Private Sector — where the two institutions and community of like-minded financial entities can collaborate on business opportunities, exchanging market intelligence and laying a foundation for actual financial transactions within the member countries and across borders.
The signing ceremony took place in ICD’s headquarters in Jeddah and the document was signed by Ayman Sejiny, CEO of ICD, and Amer Bukvic, CEO of BBI.
Sejiny said: “ICD takes the lead in launching such a platform network to demonstrate productive applications of fintech in modern global business affairs, to help reduce financial transaction costs for its member banks, leasing companies and micro-finance institutions and to upgrade the advisory services that ICD offers to its partners across the Islamic developmental network.”
Bukvic added: “We welcome the initiative and we’re happy to be among the first entities to sign the MoU with ICD. Such a platform would open opportunities for Bosnia and Herzegovina, BBI bank and other partners once implemented, and will most certainly facilitate investment across borders. This will extend our efforts already expressed by organizing international events in the capital of Bosnia and Herzegovina, such as the Sarajevo Business Forum and the Sarajevo Halal Fair.”

 

Bosna Bank International (BBI) d.d. Sarajevo is the first bank, both in Bosnia-Herzegovina and Southeast Europe, to operate in accordance with Islamic finance principles. BBI offers several types of financial services to retail and corporate clients through its business based on ethical principles and partnership. Shariah compliance is ensured by the BBI Shariah board with members of this board being prestigious local and international experts.
The Global Platform for Private Sector will be a cloud-based, next-generation, full-featured networking and fulfillment platform hosted by ICD for the benefit of its network of 88 financial institutions and 12 leasing companies worldwide. One major goal of this online platform is the sharing of investment, advisory, sukuk, financing and other deals in an environment of common Islamic values.
ICD is a multilateral development financial institution and is part of the Islamic Development Bank (IsDB) Group. It was established in November 1999 to support the economic development of its member countries through the provision of finance for private sector projects, promoting competition and entrepreneurship, providing advisory services to the governments and private companies and encouraging cross-border investments.
ICD has an authorized capital of $4 billion. Currently, the shareholders of ICD are the IsDB, 54 Islamic countries and five public financial institutions.

Decoder

The Global Platform for Private Sector will be a cloud-based, next-generation, full-featured networking and fulfillment platform hosted by ICD for the benefit of its network of 88 financial institutions and 12 leasing companies worldwide.