Alinma Bank joins Tanfeeth to fight financial crimes

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Alinma Bank CEO Abdulmohsen Al-Fares received the award during the 5th annual Top CEO Conference & Awards 2019 in Bahrain.
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Abdulmohsen Al-Fares, Alinma Bank CEO
Updated 06 May 2019

Alinma Bank joins Tanfeeth to fight financial crimes

Alinma Bank has joined the Saudi Arabian Monetary Agency (SAMA) and the Ministry of Justice as a member of their Tanfeeth program, which facilitates the resolution of court cases related to financial dealings in the Kingdom. With Tanfeeth, Alinma will provide the Ministry of Justice with direct line-of-sight into transactions executed by Alinma account holders, thus expediting the investigatory process related to alleged financial crimes. The program further relates to various key objectives of Saudi Arabia’s Vision 2030.
Alinma Bank CEO Abdulmohsen Al-Fares said the bank was pleased to contribute to the safety, security, and propriety of financial dealings in the Kingdom. “Alinma Bank prides itself on its forward-thinking strategy and its leveraging of the very latest in financial technology,” said Al-Fares. “And thanks to the robustness of our technical systems, integration with SAMA and the Ministry of Justice was a clear-cut process; and we are happy to contribute to any effort that supports the safety, security, and ongoing growth and prosperity of the Kingdom.”
Tanfeeth was launched this year on Feb. 14 and aims to connect financial institutions directly with relevant government ministries and agencies, with the cooperation and oversight of SAMA.


Al-Dabbagh Group Ranked sixth on Kingdom of Saudi Arabia’s Great Place to Work List

Updated 04 June 2020

Al-Dabbagh Group Ranked sixth on Kingdom of Saudi Arabia’s Great Place to Work List

Jeddah, Saudi Arabia: Al-Dabbagh Holding Group, founded in 1962, has been ranked sixth in the Saudi Arabian private sector's best working environments for the year 2020. The ranking is compiled by Great Place to Work, a leading global organization that evaluates work environments across more than 60 countries.
This achievement comes in recognition of Al-Dabbagh Group's efforts toward creating and fostering a positive working environment for all. Employees participated in a questionnaire on work-place satisfaction, and the company policies were also subject to an external review, both of which contributed to the resulting ranking.
Al-Dabbagh Group’s Head of Human Resources, Hayfa Abu-Zabibah has said that "this achievement is the result of the Group's unique culture, derived from the philosophy of Omnipreneurship, which embraces comprehensive leadership and is made up of three principles (Giving, Earning and Sustaining) five values (integrity, passion, respect, forward-thinking, teamwork) and ten golden rules. The principles, values and golden rules provide the framework that govern the Group’s ecosystem and culture.”
Hayfa added that receiving this award will only increase the Group’s motivation to further promote this ecosystem and continue efforts toward becoming a better place to work.