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.”


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.