Bidaya shines at Global Business Outlook awards

Bidaya CEO Mazin Al-Ghunaim
Updated 29 January 2019
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Bidaya shines at Global Business Outlook awards

Saudi real estate finance company Bidaya Home Finance has been recognized as a global leader in a worldwide search for the best consumer banking products.

The Riyadh-based company was named “Best Home Finance Provider” and “Best Digital Transformation in Online Payment” at an awards event organized by UK-based publication Global Business Outlook.

The 2018 Global Business Outlook awards recognized and rewarded excellence in business in the public and private sectors all over the globe and were open to companies of all sizes based in any geographic location.

Bidaya CEO Mazin Al-Ghunaim said: “These awards are a recognition that we are on the right track with our strategy to ensure home ownership levels in the country rise to 60 percent in 2020 and 70 percent in 2030, aligned with the ambition of Saudi Vision 2030.”

This is a great tribute to the professionalism of the entire Bidaya Home Finance team, and we are extremely delighted to achieve these two coveted honors in the face of such strong competition.”

In 2018, Bidaya won the “Best Islamic Digital Bank Award” for the third year in a row, in addition to the “Best Digital Mortgage Bank in the Middle East” and “Best Digital Mortgage Bank in KSA” at the Global Finance Awards 2018.


Bahri’s maritime solutions on show

Updated 20 February 2019
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Bahri’s maritime solutions on show

Saudi shipping company Bahri is demonstrating its commitment to advancing the growth of maritime industry and improving security in the logistics business at the International Defense Exhibition (IDEX) and Naval Defense and Maritime Security Exhibition (NAVDEX).

The events are being held under the patronage of Sheikh Khalifa bin Zayed Al-Nahyan, president of the UAE and supreme commander of the UAE Armed Forces in Abu Dhabi from Feb.17-21.

Khaled bin Hussain Biyari, assistant minister of defense — executive affairs; General Awwad Eid Al-Balawi, director general of Saudi Arabian Border Guards; and other officials visited Bahri’s booth during the events.

As part of its participation, Bahri is showcasing its maritime capabilities and innovation-driven solutions at the largest defense expo in the Middle East. The company is also highlighting its unmanned surface vessels (USVs) at its booth. Powered by MAP Pro technology, which transforms any vessel into an autonomous one, Bahri’s USVs are capable of numerous applications, including gathering data, surveillance and reconnaissance. In addition, the vessels offer significant cost savings and reduce human workload in high-risk operations. 

Bringing together more than 1,310 specialized companies from 62 countries, both events offer a strategic business platform for exhibitors to present their latest naval, maritime and coastal security technology, equipment and crafts, and explore partnership opportunities with local and international companies. 

Abdullah Aldubaikhi, CEO of Bahri, said: “Events such as IDEX and NAVDEX provide a unique opportunity to gather new insights into new security technologies that can help companies thrive in a safe and secure trade. With Saudi Arabia being at the forefront of efforts aimed at maintaining stability and security in the region, maritime security is a key focus area for the Kingdom.” 

Aldubaikhi added: “Bahri’s presence at IDEX and NAVDEX 2019 is part of our strategy to further strengthen our offerings to enhance the Kingdom’s maritime capabilities and support its transformation as the world’s leading logistics hub. The exhibition also provides us with an excellent platform to connect with our customers and explore new partnership opportunities that will further drive our ambitious expansion plans.”

Bahri Logistics, one of the five business units within Bahri and one of the top 10 breakbulk carriers in the world, operates six new state-of-the-art multipurpose vessels that are capable of carrying different types of cargo, including project, ro-ro, breakbulk, equipment, and container cargo.