Emirates NBD opens second branch in Riyadh

Emirates NBD’s new branch in Riyadh’s Al-Masif District was inaugurated by Ahmed Al-Kholifey, governor of Saudi Arabian Monetary Authority (SAMA).
Updated 24 November 2018
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Emirates NBD opens second branch in Riyadh

Emirates NBD has announced the opening of a second branch in Riyadh.

The bank’s network of four full-fledged branches across the Kingdom’s three key regions marks Saudi Arabia as its largest geographical presence outside the UAE and Egypt. 

Emirates NBD’s new branch in Riyadh’s Al-Masif District was inaugurated by Ahmed Al-Kholifey, governor of Saudi Arabian Monetary Authority (SAMA), in the presence of Emirates NBD’s Vice-Chairman and Managing Director, Hesham Abdulla Al-Qassim; Group CEO, Shayne Nelson; Emirates NBD KSA CEO, Loai Abduljawad; and other senior officials and members of the management from SAMA and Emirates NBD.

The branch provides a full offering to Saudi-based individuals and businesses, including retail, private, business and wholesale banking. 

“Our significant and growing network in the Kingdom is a reflection of our commitment to the Kingdom of Saudi Arabia and support for Vision 2030,” said Al-Qassim. “Building on the strong economic and trade ties between Saudi Arabia and the UAE, we hope to continue to serve and support the economic ambitions of Saudi individuals and businesses as the Kingdom forges ahead in its plans for economic transformation.”

“Emirates NBD’s investment in a robust full-fledged branch network across the Kingdom’s key provinces, strengthens our offering to individuals and corporates in the Kingdom,” added CEO Abduljawad.


Bosch opens flagship store in Jeddah

Updated 16 February 2019
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Bosch opens flagship store in Jeddah

European home appliances brand Bosch has opened its flagship store in the Kingdom. The showroom, located in the heart of Jeddah, was recently inaugurated in the presence of Holger G. Ziegeler, the German consul general in Jeddah. 

Spread across 300 square meters of built-up area, the new Bosch store makes room for a product display ranging over 100 different appliances and models, all designed by German engineers. 

The showroom follows a two-story structure, with the ground floor dedicated to product showcases according to themes and categories. 

It hosts a welcome area, a brand heritage and innovation wall along with areas dedicated to kitchen inspiration, cooling, laundry, cooking and baking. The floor above makes room for a live cooking area and a “Perfect Kitchen” concept. 

“Our new flagship store strengthens our brand presence in the Saudi market and complements our existing network of outlets — which are currently in shop-in-shop forms,” said BSH Home Appliances CEO Tomas Alonso.

He added: “This purpose-built space will help us deliver the quality, innovation, design intelligence and efficiency that Bosch stands for. Bosch prioritizes innovation in the service of a healthy balanced life, and I look forward to people exploring the concept themselves in this beautiful new space.” 

The showroom will also showcase the strides Bosch is making toward intelligent eco-friendliness, where appliances reduce their energy and water footprints. Consumers not only give back to the environment but also save costs through reduced utility bills. 

The store, operated by Bosch Home Appliances Saudi Arabia distributor and partner Abdul Latif Jameel Electronics, also serves as a logistics hub for Bosch products across the Kingdom.

“Bosch products have proved very popular with Saudi households thanks to the brand’s association with quality, trust and excellent design. Bosch products are invented for life, with the goal of making life noticeably easier, healthier and more balanced. We are proud to be exclusive partners and distributors of Bosch in the Kingdom, and are delighted to be able to welcome customers to a new, easily accessible location,” said Hisham Hamza, CEO of Abdul Latif Jameel Electronics.

The showroom is open from 9 a.m. until 9 p.m., Saturday to Thursday.

BSH Bosch und Siemens Hausgeräte GmbH is the largest manufacturer of home appliances in Europe and one of the leading companies in the sector worldwide. 

The group was founded in 1967 as a joint venture between Robert Bosch GmbH (Stuttgart) and Siemens AG (Munich). Today, BSH operates 40 factories in 13 countries in Europe, the US, Latin America and Asia.