Alinma Bank launches its first digital branch

The new digital branch is located on Prince Mohammed bin Abdulaziz Street (Tahliyyah) in Riyadh.
Updated 11 February 2019
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Alinma Bank launches its first digital branch

Alinma Bank has launched the first of what will be a full network of digital branches across the Kingdom. This move comes as part of Alinma’s ongoing effort to provide convenient, self-service banking solutions to its partners (customers). The new digital branch is located on Prince Mohammed bin Abdul Aziz Street (Tahliyyah) in Riyadh.

Alinma Bank CEO Abdulmohsen Al-Fares said: “We are pleased to be able to provide our partners with convenient, secure, around-the-clock digital banking services, even on weekends and holidays. Partners can open current accounts, issue and print ATM cards, update ID information, authenticate their digital signatures for their digital accounts, and much more, in a self-service environment that fully meets partners’ needs.”

He added: “Alinma’s new digital branch also features interactive teller machines (ITMs), small denomination ATMs and cash deposit machines for corporate partners. The digital branch is designed according to the latest banking and technical standards to facilitate the movement of the partner within the digital branch and to fulfill their needs in a timely manner.”

Alinma Bank has one of the most advanced technical infrastructures in Saudi Arabia, which was recognized in 2018 by Cambridge IFA, a leading international financial advisory firm, which named Alinma the “Most Innovative Islamic Retail Bank in the World.”


Top CEO Conference & Awards wraps up in Bahrain

Updated 17 April 2019
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Top CEO Conference & Awards wraps up in Bahrain

The Top CEO Conference & Awards 2019, organized by TRENDS magazine — Mediaquest and international business school INSEAD, has concluded at the Al-Areen Palace and Spa in Bahrain. The event, held on Thursday, included seven key panel discussions under the theme “Growth in a Volatile Future” as well as the Top CEO Awards 2019 ceremony, which recognized the region’s most successful and trendsetting CEOs from more than 700 companies listed on GCC stock exchanges.

Top business leaders and more than 30 speakers from across the GCC shed light on the Middle East’s dynamic but volatile region and the burning issues facing the corporate world today. This year’s theme focused on a score of relevant issues, such as oil price fluctuations, tech disruptions, armed and political schisms that pose new risks, and opportunities. Speakers such as renowned economist Professor Nouriel Roubini provided growth solutions and road maps for businesses in the GCC region.

Alexandre Hawari, CEO of Mediaquest, said: “In its fifth edition, the Top CEO Conference & Awards fully encapsulated the theme of ‘Growth in a Volatile Future’ by acknowledging and exploring the growth transformation that the region is undergoing through digitalization and the fourth industrial revolution amid geopolitical tensions, looming trade wars and a rapidly evolving business environment. Building on the huge success of the previous years, the Top CEO Awards 2019 recognized CEOs and companies who have raised the bar by navigating challenges, implementing new strategies, and have demonstrated unquestionable growth, profitability and excellence in corporate governance.”

The conference kicked off with an opening keynote from Jassim Al-Seddiqi, CEO of the Abu Dhabi Financial Group and chairman of GFH Financial Group, who delved into the potential of transforming the region into a fintech hub and the importance of jumping on the digital bandwagon. 

The prime panel discussion on the “Future of Growth Amid Volatility” brought together five CEOs who explored methods to create future-proof strategies that can not only tackle challenges but also boost growth in a tough geopolitical and economic climate. 

Hisham Al-Rayes, CEO and board member of the GFH Financial Group, said: “Investing in the future in areas such as fintech, education and technology, the foundations for strong, enduring knowledge-based economies, is a priority for the group and the governments of the region in which we invest.”

“The Blockchain Opportunity” and “The Human Factor and Tech Innovation” panels brought together industry experts from Facebook, the Bahrain FinTech Bay and King Abdul Aziz University. 

“The Future of Women’s Business Leadership” panel discussed positive strides taken by GCC governments and businesses in leveling the playing field for women professionals.