Bank AlJazira’s financial strength lauded by Capital Intelligence

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Updated 12 September 2013

Bank AlJazira’s financial strength lauded by Capital Intelligence

Bank AlJazira (BAJ) announced that its ratings have been affirmed by international credit rating agency Capital Intelligence, demonstrating the strength of the bank’s underlying business model.
BAJ’s financial strength rating (FSR) has been affirmed at “BBB” with a stable outlook.
The bank’s long-term foreign currency rating (FCR) has been affirmed at “BBB+” and its short-term foreign currency rating at “A2.”
In explaining its ratings, Capital Intelligence noted BAJ’s sound liquidity, strong customer deposit growth and improved profitability.
The ratings agency also highlighted the benefits of a reviving equity market to BAJ’s business.
Commenting on the ratings affirmation, Nabil Al-Hoshan, CEO and MD of Bank AlJazira, said: “We are pleased that our strong underlying fundamentals have been recognized with this affirmation from Capital Intelligence.”
The CEO said: “Bank AlJazira is on a journey to improve its products and services, enhance its capital position and build value for shareholders. The Capital Intelligence affirmation is further testament to this strategy and a clear demonstration of our ability to delivery upon it.”


Ritz-Carlton, Riyadh celebrates Global Customer Appreciation Week

Updated 29 November 2020

Ritz-Carlton, Riyadh celebrates Global Customer Appreciation Week

  • Team members representing each department participated in a citywide series of sales calls, and visual and hybrid meetings

The Ritz-Carlton, Riyadh celebrated the Global Customer Appreciation Week with an event giving the men and women of the hotel a unique opportunity to show their appreciation for the support and continued patronage of the property by the top international and local clientele. 

Team members representing each department participated in a citywide series of sales calls, and visual and hybrid meetings, highlighting the Ritz-Carlton service directly to client offices and local associations.

The sales team expressed their appreciation by surprising their clients with luxurious boxes of handcrafted oriental sweets and travel kits given personally to their offices. The Ritz-Carlton, Riyadh then wrapped up the week with a creative digital invitation, dedicated to their contacts and bookers to the hotel, for a gala dinner experience of its famous Seafood Night at the award-winning venue, Al-Orjouan Restaurant.

“This is an exciting week for the Marriott Family, as we celebrate the Global Customer Appreciation Week. We truly missed our loyal guests and partners and this is an exciting opportunity to regather after the tough situations caused by the global pandemic. As always, we pledge to provide the finest personal services and facilities for our guests to enjoy the warm, relaxed yet refined ambiance at The Ritz-Carlton, Riyadh,” said Mohammed Marghalani, general manager of The Ritz-Carlton, Riyadh.

Located within 52 acres of luxuriantly landscaped gardens, the hotel offers 493 rooms and suites, 5,800 square meters of meeting and event space, and numerous onsite fine-dining options. It is prominently situated next to the Diplomatic Quarter and adjacent to the King Abdul Aziz Convention Center, one of the largest in the region and host to international summits and conferences.