Jaguar Land Rover plots further MENA expansion

Jaguar Land Rover plots further MENA expansion
The Jaguar brand recorded a major jump in year-on-year growth in key markets in MENA, driving Jaguar sales upwards in the last fiscal year.
Updated 11 June 2019

Jaguar Land Rover plots further MENA expansion

Jaguar Land Rover plots further MENA expansion

Despite all the challenges in the region’s automotive sector, luxury automotive manufacturer Jaguar Land Rover has reported an increase in annual sales in MENA across its two brands for 2018/2019, compared to 2017/2018 results. 

Jaguar’s MENA retail sales were up by 46 percent, while Land Rover MENA displayed a 13 percent year-on-year increase. 

Jaguar Land Rover has revealed that it is plotting further growth across the MENA region, with a number of new model launches scheduled throughout the year. 

The Jaguar brand recorded a major jump in year-on-year growth in key markets in MENA, driving Jaguar sales upwards in the last fiscal year. Sales rose by 327 percent in Bahrain, 115 percent in Morocco, 81 percent in Qatar and 63 percent in Saudi Arabia. 

“We’re thrilled to celebrate a profitable year for Jaguar Land Rover in MENA and we are already working to continue that trend in 2019,” said Rob Preston, sales director, Jaguar Land Rover MENA. 

“We continue to remain focused on delivering sustainable growth and expect to surge in all-around performance and customer desirability in 2019, driven by new models and technologies to provide our Middle Eastern customers with the next generation of Jaguars and Land Rovers,” he added.


SABB celebrates Riyadh on World Cities Day

Updated 02 December 2020

SABB celebrates Riyadh on World Cities Day

SABB celebrates Riyadh on World Cities Day

On the occasion of the UN’s World Cities Day, celebrated each year on Oct. 31, the Saudi British Bank (SABB) launched a campaign to show the urban development of Riyadh city, starting from infrastructure projects aimed at improving the quality of life to the organizational initiatives that have contributed to attracting glob- al investors.

SABB prepared an introductory report titled “My City” that was published on the bank’s website and distributed to individual and corporate clients inside and outside the Kingdom. This is in addition to publishing a brief on the website, mentioning the most prominent features of the developments taking place in the Kingdom at different levels, to support programs for sustainable and balanced growth, improving business environment, attracting foreign investment, and encour- aging innovation.

The “My City” report focuses on the role of the Kingdom’s Vision 2030, as it is a transformative initiative aimed at developing the Kingdom’s economy, in addition to the positive impact that it had on Riyadh, considering that it is the capital and the main business center in the Kingdom. These developments are ex- pected to further contribute to improving the appearance and image of the city. The report also referred to the investments made by the Saudi government throughout history in order to enhance and develop other social services such as health, education and entertainment.

SABB has livened up its campaign to celebrate the city of Riyadh on this global occasion, by hanging a mural on the bank’s head office building, drawn by a young Saudi artist, Noura Bouzo, embodying the ancient history of Ri-yadh and its promising future. SABB is a licensed financial institution operating under the Saudi Arabian Monetary Authority’s supervision and control. The bank was established in 1978 as a Saudi joint stock company. It is an associate company of the HSBC Group.

SABB offers integrated financial and banking services including personal banking, corporate banking, investment, private banking and treasury. The bank’s paid-up capital is SR20.5 billion ($5.4 billion) after its legal merger with Alawwal Bank, to become one entity and one of the largest banks in the Kingdom.