Alinma Bank chief honored by Top CEO in Bahrain

Alinma Bank CEO Abdulmohsen Al-Fares received the award during the 5th annual Top CEO Conference & Awards 2019 in Bahrain.
Updated 24 April 2019

Alinma Bank chief honored by Top CEO in Bahrain

Alinma Bank CEO Abdulmohsen Al-Fares was recently lauded during the 5th annual Top CEO Conference & Awards 2019 in Bahrain for his leadership role at Alinma.

The event, which was attended by numerous CEOs and thought leaders from across the GCC, featured a keynote address by renowned American economist and author Nouriel Roubini. CEOs from a range of sectors were honored for their contributions over the past 12 months in steering their respective companies to success. Al-Fares was recognized in the Shariah-compliant Banks & Financial Institutions category.

Al-Fares thanked the organizers and expressed his appreciation for the efforts exerted by all the employees of the bank.

“I am truly grateful for this honor from Top CEO,” he said. “Award programs are an important part of the business ecosystem in the GCC, and having access to credible, transparent programs such as Top CEO provides companies in the region with an effective way to measure performance.”

“I am particularly proud of Alinma’s qualified staff members, whose dedication to excellence has made this achievement possible,” Al-Fares added. “As CEO, I must set the tone for my organization, but I must then be able to rely on upper management and staff to execute. And our execution in 2018 is something of which we are proud. I look forward to continued sustainable success at Alinma Bank.”

The Top CEO Awards are known for their transparency and strict adherence to competitive formulas in tallying annual CEO rankings in the GCC region. Teaming up with INSEAD Business School, global auditor KPMG, Hawkamah Institute for Corporate Governance, TRENDS magazine and Mediaquest, has ensured that only the highest standards are applied in the vetting of award nominees.

Alinma Bank has, in the 10 years since its launch, established itself as a leader in sustainable growth in the region, and has been named the fastest-growing bank in Saudi Arabia for six of the past seven years. Additionally, Al-Fares was most recently named as the CEO of the Year at the Global Islamic Finance Awards in Sarajevo.


Bupa Arabia supports the underprivileged & orphans

Updated 5 min 10 sec ago

Bupa Arabia supports the underprivileged & orphans

Bupa Arabia for Cooperative Insurance has partnered with the Ministry of Human Resources and Social Development to distribute 3,000 food baskets among underprivileged families, which are registered with the ministry’s Social Welfare and Family Welfare Agency. The initiative comes in line with the spirit of Ramadan, a month of giving, and in response to the COVID-19 outbreak.

This year, orphans who are covered under Bupa Arabia’s free health insurance program will help in preparing and distributing the baskets to inculcate a sense of giving among them.

Dr. Abdullah Al-Wahaibi, undersecretary at the Social Welfare and Family Welfare Agency, hailed Bupa Arabia’s move to involve orphans in preparing and distributing baskets under the supervision of the agency, saying: “This is a caring gesture from Bupa Arabia, and it promotes a sense of belonging among orphans while cultivating the principles of giving, communication and closeness between them and society.”

He added that the initiative supports what the company has been offering orphans for years. More than 2,600 orphans, living in more than 47 homes across the Kingdom, benefit from Bupa Arabia’s free health insurance program. The program includes divorced orphans and widows who live with their children in social care homes.

Loay Hisham Nazer, chairman of Bupa Arabia, said: “The orphans will be joining hands to assemble and distribute baskets to the families in an attempt to get a sense of the pride of giving during the holy month. We’ve also extended this to our employees, who collectively prepared 411 food baskets. We hope that we make a real and positive impact through this initiative.”

Bupa Arabia was the first company to offer free health insurance for residents of “Dar Al-Rafeef” in 2011. Three years later, in 2014, the program expanded to cover all orphans residing in shelters supervised by the Ministry of Human Resources and Social Development.

“We believe that in order to play a proactive role in society, we need to provide more than just health insurance; we should aim to become the health care partner for every orphan in Saudi Arabia. Therefore, we would like them to know that we are always by their side,” Nazer said, adding that the orphans receive special treatment and the same services that are given to some VIP clients.

The free health insurance program offers a range of quality services, including a designated hotline to receive calls and provide immediate assistance. Bupa Arabia also developed an integrated program that enables doctors to visit beneficiaries periodically for checkups, and regularly organizes health education workshops to raise awareness. The program is approved by the Cooperative Health Insurance Council and covers all treatments, including plastic surgery, dermatology, and even cases that are not covered by regular health insurance.