Alawwal Bank wins ‘CEO of the Year in Retail Banking’

Soren Nikolajsen has been awarded ‘CEO of the Year in Retail Banking’ at the Enterprise Agility Awards, 2018 held in Dubai.
Updated 23 December 2018
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Alawwal Bank wins ‘CEO of the Year in Retail Banking’

Alawwal Bank Managing Director Soren Nikolajsen has been awarded “CEO of the Year in Retail Banking” at the Enterprise Agility Awards 2018 held in Dubai. The award recognizes a year of continuous improvements by the bank, investing in new digital services and modernizing its branch network to make it easier for customers to manage their day-to-day financial needs.

Nikolajsen said: “The Enterprise Agility Awards celebrate the spirit of entrepreneurship, recognizing many exciting new businesses that are shaking up the market. For a 92-year-old bank like ours to be awarded alongside such pioneers shows you’re never too old to innovate and be creative.” 

Alawwal Bank’s investment in retail banking and its digital services has led to tangible improvements in customer experience. The bank now boasts some of the Kingdom’s most modern branches, rolling out popular services like instant account opening and card issuance. 

Nikolajsen added: “We’ve had an exciting year of innovation, creating a lot of new services our customers really enjoy using. 

 

That takes a lot of hard work. Getting new ideas off the ground requires creativity, determination and collaboration between many individuals and teams. I am therefore very pleased to receive this award on behalf of everyone at Alawwal Bank. Our team’s determination to do what’s right for customers is what drives us to be a better bank.” 


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.”