Standard Chartered Bank appoints CEO for Saudi branch

Standard Chartered Bank appoints CEO  for Saudi branch
Yazaid Al-Salloom
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Updated 02 August 2020

Standard Chartered Bank appoints CEO for Saudi branch

Standard Chartered Bank appoints CEO  for Saudi branch

Standard Chartered Bank has announced the appointment of Yazaid Al-Salloom as chief executive officer for Saudi Arabia, effective Aug. 1.
Al-Salloom joined Standard Chartered Bank in 2018 and brings a wealth of experience from his current role as head of financial institutions sales for MENAP and Turkey and previous roles in debt capital markets at HSBC and Deutsche Bank.
Standard Chartered Bank was awarded the license to set up a banking branch in the Kingdom in 2019. Standard Chartered Bank Saudi Arabia will operate a single branch based in Riyadh that will provide banking services to the sovereign and government related entities, large corporates, financial institutions and multinational companies operating in the Kingdom.

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Standard Chartered Bank was awarded the license to set up a banking branch in the Kingdom in 2019. It will complement Standard Chartered Capital Saudi Arabia, which has been operating in the Kingdom since 2011.

Dr. Boutros Klink, CEO Standard Chartered Middle East (ex-UAE), said: “I am delighted to announce the appointment of Yazaid Al-Salloom as country CEO for Standard Chartered Bank Saudi Arabia. In his new role as CEO, Yazaid will oversee the launch of Standard Chartered Bank Saudi Arabia, and will lead the bank’s expansion in the market, strengthen our client base, expand our products and services offering, and solidify our network as the Kingdom moves toward greater openness and global integration.
“The bank is grateful and delighted to have been awarded the license to conduct banking activities in the Kingdom of Saudi Arabia. Given the bank’s footprint in 60 markets across the world, we will leverage our presence in the Kingdom to promote trade, investment and capital flows in support of the Saudi Vision 2030 under the leadership of the Custodian of the Two Holy Mosques King Salman and Crown Prince Mohammed bin Salman, from our network spanning around 60 countries.”
Standard Chartered Bank Saudi Arabia is licensed by Saudi Arabian Monetary Authority and will complement Standard Chartered Capital Saudi Arabia, which has been operating in the Kingdom since 2011 under a Capital Markets Authority of Saudi Arabia license.


SAEI, PSAA partner with Spartan KSA for aircraft training

SAEI, PSAA partner with Spartan KSA for aircraft training
The MoU was signed by Ali Ashban, CEO of SAEI; Captain Ismael Alkoshy, MD of the PSAA; and Peter Harris, CEO of Spartan KSA; in the presence of Ibrahim Al-Omar, director general of Saudia.
Updated 24 January 2021

SAEI, PSAA partner with Spartan KSA for aircraft training

SAEI, PSAA partner with Spartan KSA for aircraft training

Two subsidiaries from Saudi Arabian Airlines Corporation — Saudi Aerospace Engineering Industries (SAEI) and the Prince Sultan Aviation Academy (PSAA) — have signed a memorandum of understanding (MoU) with Spartan KSA LCC, at the Saudi Arabian Airlines’ (Saudia) headquarters in Jeddah.
The scope of the agreement with Spartan will meet the growing demand for aircraft training programs within the Kingdom of Saudi Arabia. Furthermore, it will facilitate SAEI to expand the training services offered to include aspects of aircraft maintenance and aviation repair in airport terminals where Saudi Arabian Airlines operates.
The cooperation between the three organizations further enhances the leadership role of the PSAA in the aviation technical training industry and supports SAEI’s aircraft maintenance training programs.
The training services related to this MoU will be carried out by the PSAA. The aviation academy has been in operation for more than 60 years and provides extensive advanced training expertise in aviation to several air carriers in the Kingdom as well as regional and international airline operators.
Spartan will also provide advisory services in connection with the operations of the PSAA.
The agreement was signed by Ali Ashban, chief executive officer of SAEI; Captain Ismael Alkoshy, managing director of the PSAA; and Peter Harris, chief executive officer of Spartan KSA; in the presence of Ibrahim Al-Omar, director general of Saudia.

HIGHLIGHT

The scope of the agreement with Spartan will meet the growing demand for aircraft training programs within the Kingdom of Saudi Arabia.

The Prince Sultan Aviation Academy is the largest aviation training complex in Saudi Arabia. PSAA became a strategic business unit (SBU) of Saudia in 2010 that provides professional aviation advanced training to regional and global commercial air carriers. PSAA has the latest flight training equipment including full-flight simulators, fixed-training devices, computer-based training work stations/ classrooms, cabin emergency evacuation trainers and door trainers.
PSAA operates A320–200, B777–200, B777-300, A330/A340, B747–400, and B787-9 simulators, covering some of the most widely operated fleet types in the world, fitted to industry-leading specifications that permit training on most variants and sub-types.
Meanwhile, Saudia Aerospace Engineering Industries is a world-class full-service maintenance, repair and overhaul (MRO) organization, the leading MRO in Saudi Arabia and one of the largest and most experienced MROs in the Middle East and North Africa region. SAEI is wholly owned by Saudi Arabian Airlines Holding. SAEI’s headquarters and main base is located at King Abdulaziz International Airport in Jeddah.
Spartan KSA was established to provide aviation training expertise and services to organizations in Saudi Arabia. Spartan KSA is an affiliate of Spartan College of Aeronautics and Technology, which has provided training in the US since 1928 to more than 100,000 pilots and technicians from more than 60 countries, including Saudi Arabia. Spartan College operates from campuses in Oklahoma, California and Colorado. Spartan Global Aviation Training is the parent company of Spartan KSA and Spartan Iraq.