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 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.


Khalaf Al Habtoor extends timely medical assistance to Lebanese hospitals

Updated 05 August 2020

Khalaf Al Habtoor extends timely medical assistance to Lebanese hospitals

  • Al Habtoor will arrange one-month’s worth of urgent medical supplies for hospitals in the country that have more than 1,000 beds
  • The Khalaf Al Habtoor Hospital at Hrar in northern Lebanon will open up auxiliary treatment support for patients who are unable to be accommodated in Beirut hospitals

DUBAI: Khalaf Al Habtoor, the founding chairman of Al Habtoor Group (AHG), based in the UAE, is reaching out with timely aid for the Lebanese people after the massive explosion at a Beirut port on Tuesday, August 4, that devastated many neighborhoods, leaving more than a hundred dead people and thousands injured.

Al Habtoor, known for his philanthropic activities in the UAE and abroad, said he will extend all possible efforts within his means to aid the affected people in Lebanon as a first step of a multi-pronged assistance plan. As a first step, Al Habtoor will arrange one-month’s worth of urgent medical supplies for hospitals in the country that have more than 1,000 beds. The hospitals to be aided through this initiative include Haroun Hospital, Al Makasid Hospital, Levant Hospital, Rizk Hospital, Rafic Hariri Hospital, Hotel Dieu Hospital and the Khalaf Al Habtoor Hospital, Hrar.

Additionally, the Khalaf Al Habtoor Hospital at Hrar in northern Lebanon will open up auxiliary treatment support for patients who are unable to be accommodated in Beirut hospitals, conducting at least 100 operations for those injured in the explosion. To help those who require much needed recovery and recuperation assistance, the hospital will also rent out a nearby hotel, which will act as a temporary off-site field hospital for post-operative care and treatment.

More than 300,000 people have been left homeless by the blast, which tore through several dozen neighborhoods close to the port area, razing several buildings and shattering glass windows in a much wider area outside the blast zone. Two hotels owned by Habtoor Hospitality in Beirut, Hilton Beirut Habtoor Grand and Hilton Metropolitan Palace, have been damaged in the fallout of the explosion.

Al Habtoor said: “The country and people of Lebanon have always had a special place in my heart. This explosion which has devastated the capital city in the midst of an already severe economic crisis has left the common people badly shaken. We offer our deepest condolences to the families of the victims and will leave no stone unturned in reaching them the best possible emergency and medical aid, post-operative care and temporary accommodation for those rendered homeless by the tragic event.”

He added that the cries of the Lebanese people for help have been heard and that it was important to respond by offering the right kind of assistance and treatment, in terms of quantity, quality and the timing it reaches the people.

The visionary entrepreneur and philanthropist has extended generous contribution to Lebanon in various forms over the last decade, including refugee aid programs, Ramadan campaigns, wintertime distribution of food packages and blankets, the establishment of The Khalaf Al Habtoor Hospital, and a multitude of charitable donations.