Alinma showcases digital branch concept at event

The display included a fully-functioning model of the bank’s recently launched digital branch concept, which provides customers with 24/7 access to self-service banking.
Updated 30 April 2019

Alinma showcases digital branch concept at event

The Alinma Bank pavilion at the recently concluded Financial Sector Conference at the Ritz-Carlton hotel in Riyadh saw strong interest from conference attendees, and gave the bank an opportunity to share its vision, mission and strengths. The display included a fully functioning model of the bank’s recently launched digital branch concept, which provides customers with 24/7 access to self-service banking. 

Additionally, Alinma Bank CEO Abdulmohsen Al-Fares was a featured speaker at the conference, where he shared insights on the role of Shariah-compliant financing in maintaining a stable and sustainable financial sector.

The conference, held under the patronage of King Salman, brought together key stakeholders in the ongoing development of the Kingdom’s Vision 2030 initiative.

With discussions highlighting the competitive position of the Saudi financial sector in the Middle East and the world, and information on financial sector development and opportunities in the financial industry, the conference gathered leaders, experts, academics, and executives from around the world.

Alinma’s participation highlighted the bank’s efforts to leverage the latest in banking technology to provide customers with secure, self-service banking options. Conference attendees were given a first-hand look at the bank’s digital branch concept, which has so far been implemented at its Tahlia Street branch in Riyadh.

360-degree mentoring to boost Saudi social enterprise sector

Updated 23 May 2019

360-degree mentoring to boost Saudi social enterprise sector

The King Khalid Foundation (KKF) and Mowgli Mentoring have collaborated to strengthen the growing social enterprise sector in the Kingdom through the provision of 360-degree mentoring, which will support the personal and professional development of social entrepreneurs. The EMCC-accredited mentoring organization is working to built the capacity of Saudi mentors by instilling best mentoring practices and sharing experiences from its 10-year work around the world.

Globally, the concept of social entrepreneurship is increasingly gaining momentum and positive attention as it combines commerce with social good, allowing entrepreneurs to go beyond profit to positively impact communities and societies. Supporting these entrepreneurs, therefore, is in line with the KKF’s vision, which is to have a Saudi society with equal opportunities.

The KKF’s collaboration with Mowgli resulted in the creation of the Athar (Impact) Mentoring Program.

This program aims to build and increase the capacity of Saudi mentors, and equip them with the necessary tools to be able to provide mentorship, support and guidance to social entrepreneurs in the Kingdom. Matching mentors with social entrepreneurs and managing their mentorship relationships is a key benefit of the program.

To commence the mentoring program, Mowgli recently delivered a four-day workshop in the KKF premises in Riyadh. Fourteen professionals and business leaders received training to be 360-degree mentors before being matched with 14 social entrepreneurs. Both groups were provided with the guidelines to build solid foundations for their 1-2-1 mentoring relationships. In addition, the matched pairs will be supported over a duration of six months, during which structured on-going support will be provided to ensure that trust-based and impactful mentoring relationships are developed.

Mowgli Mentoring’s CEO Kathleen Bury said: “We see this program supporting the three themes on which the Kingdom’s Vision 2030 was built upon: Developing a vibrant society, a thriving economy and an ambitious nation. By supporting social entrepreneurs, we’re working toward achieving the Kingdom’s economic aspirations of increasing SME GDP contribution by 20–30 percent by 2030. We are, therefore, excited to be back in Saudi Arabia and are honored to be working with the King Khalid Foundation in delivering this program, and building Saudi Arabia’s mentoring capacity to sustainably support change-makers and their surrounding ecosystems for years to come.”

The key to developing entrepreneurship and fostering economic development lies in having a well-balanced ecosystem with equal investment in four key pillars: Environment (schooling, parenting), finance (working capital, debt and equity financing), infrastructure (incubators, accelerators, utilities and sound legal frameworks) and human capital development (mentoring, skills and knowledge development). Mowgli supports the latter and has successfully delivered more than 110 mentoring programs across the Middle East, North Africa and sub-Saharan Africa.