NCB incentives for Tayseer card holders

Updated 08 October 2013

NCB incentives for Tayseer card holders

The National Commercial Bank (NCB) recently launched new benefits for Tayseer credit card holder. They include cash rewards and exclusive promotions with a new group of NCB premium partners, in addition to instant discounts on all Tayseer purchases.
The new benefits of Tayseer credit card include up to 2 percent cash back on all credit card purchases when using Titanium and Platinum cards, exclusive cash back of up to 15 percent from its premium partners in more than 250 branches through the Kingdom, "SR700 Welcome Cashback," and many other cash back benefits. The card holders will enjoy the rewards in a very interesting manner, where cash back is calculated on total spend of primary and supplementary cards combined.
In an effort to expand its base of premium partners, NCB announced that Tayseer card holders will benefit from exclusive cash back rewards with its new partners — ACE Travel, Izone, SACO, Toys R US, Tokyo Games, RED TAG, UPE, Bateel.
This new package of benefits comes in line with the advanced services that NCB presents to its customers being the leading bank in providing inventive Islamic banking solutions that can meet the financial and service requirements of its customers and advance its banking services.
In addition, NCB recently launched Hemayati Plus Program for NCB Islamic credit card holders. The program ensures protection for customers and their family by paying the due amounts on their cards in certain cases. In doing so, the bank seeks to provide its customers inside and outside the Kingdom with high quality service.

Second edition of Misk500 Accelerator concludes

Updated 15 December 2019

Second edition of Misk500 Accelerator concludes

500 Startups and Misk Innovation recently hosted an invite-only Demo Day event at the King Abdullah Financial District (KAFD) Conference Center to mark the conclusion of the second edition of the Misk500 Accelerator program. A total of 18 companies had the opportunity to pitch their business concepts to more than 300 investors, government representatives, delegates and members of the media.

The Batch 2 companies came from across the MENA region including Saudi Arabia, the UAE, Bahrain, Jordan and Egypt. They represented a variety of sectors including recruitment, retail and e-commerce, enterprise resource planning (ERP) software, food, fashion, professional services, construction, payments, education and beauty.

Osama Alraee, executive manager at Misk Innovation, said: “At Misk, we’re on a mission to empower young people across the world to activate their entrepreneurial ambitions and achieve real impact. The quality of the startups taking part is testament to the depth of talent and ambition in the MENA region, and the success of this Demo Day is a testament to our partnership with 500 Startups, part of our commitment to working with sector-leaders to empower young people.”

“We are delighted to host the Demo Day for Batch 2 in partnership with Misk Innovation. Our partnership has fostered a collaborative environment that will continue to spur innovations and investments that contribute to the robust and highly innovative MENA ecosystem,” said Sharif El-Badawi, managing partner at 500 Startups MENA. “Misk500 Accelerator is a key element of our strategy to back the region’s most talented founders, help them create successful companies at scale. We are impressed with the quality of the tech startups present in this batch that are helping to solve real-world challenges.”

As part of the program, the participating companies underwent extensive training by 500 Startups’ global team of experts, covering multiple topics including: Fundraising strategy, growth strategy, marketing strategy and ways to target and attract customers. They also received one-on-one mentoring with notable tech founders, pitch coaching, investment readiness training, investor introductions, and access to investment from 500 Falcons, which is dedicated to fostering the growth and development of diverse pre-seed and seed tech startups in the MENA region. 

The Batch 2 Demo Day built on the success of the Batch 1 Demo Day held in May. Also held at the KAFD Conference Center, 19 tech startup companies pitched to more than 300 investors, invited guests and representatives of both local and international media.

Applications are open for the Batch 3 of the Misk500 Accelerator until Dec. 14. Pre-seed and seed tech startups based in the MENA region are eligible to submit applications at: