14 Jeep Compass vehicles to be won in LuLu festival

Lulu Regional Director Shehim Mohammed, fourth from left, and Lulu Commercial Manager Adeeb Ali Al-Qarni, fifth from left, with top Lulu executives launching the anniversary offers in Riyadh on Saturday. (AN photo)
Updated 27 November 2018
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14 Jeep Compass vehicles to be won in LuLu festival

LuLu Hypermarket has kicked off its annual anniversary promotion “LuLu Super Fest” across its stores in the Kingdom.

The two-week festival, which began on Sunday, will include a grand raffle giveaway of 14 Jeep Compass car units for the entire 14-day promotion period, where one winner for each day will bring home the luxurious car. Also, visitors get a chance to win LuLu gift vouchers worth SR50,000 ($13,326).

Another highlight of the festival is the daily #LiveDeals in store, which features an on-the-spot “Guess & Win” contest for shoppers to guess the correct price of a specific product and win prizes for every correct answer given. LuLu has daily promotions featuring categories such as, Ladies Day for offers on women-related products and Apple Day, Samsung Day and Huawei Day for mobile phone deals. 

LuLu Commercial Manager for Saudi Arabia Adeeb Ali Al-Qarni said: “We are committed to offering the highest quality products from around the world, along with a great shopping experience through monthly festivals and special events. ‘LuLu Super Fest’ is one such event that will not only showcase the amazing product offers and exciting in-store activities but it is also the perfect time to give something extra special to our loyal customer base, coinciding with our 9th year celebration of serving the people of Saudi Arabia as a conducive shopping destination.”


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.