The Saudi Export-Import Bank has chosen to use SAS technology to increase the governance and efficiency of their risk operations and reporting with model risk management solutions.
The Saudi EXIM Bank was established in 2020 to promote the export of Saudi non-oil products and boost their competency across economic sectors in the global markets. The bank provides financing services, guarantees, and credit insurance with competitive advantages, to enhance confidence in Saudi products.
Saad Alkhalb, CEO of Saudi EXIM Bank, said: “We are thrilled to announce our decision to use SAS technology. SAS Model Risk Management was the next logical step given its proven methodologies and best practices to help us establish a risk-aware culture, optimize capital and liquidity, and meet regulatory demands. Through this project, Saudi EXIM Bank aims to deliver on the ambitious vision of the Kingdom of Saudi Arabia to diversify its economic base by promoting and enabling non-oil exports in line with the objectives of Saudi Vision 2030.”
“A unified platform can give a complete picture of financial and non-financial risks and swift decisioning as businesses’ requirements evolve ... the built-for-purpose content, role-specific user interface, and best-in-class, use-case-specific features of SAS Model Risk Management enable banks and financial institutions to maximize their investment for a variety of business objectives,” said Alaa Youssef, managing director of EMEA Emerging at SAS.
The Consumer Protection Association has awarded LuLu Saudi Arabia the “Excellence in Consumer Experience” award. Khozama Hall in Riyadh hosted the awards ceremony on March 15. Shehim Mohammed, director of LuLu Saudi Arabia, received the award on behalf of LuLu Saudi Hypermarkets.
“We place our customers at the center of everything we do at LuLu. We strive to provide a memorable shopping experience and to exceed their expectations. Having been bestowed with this award demonstrates our commitment to providing exceptional customer service. Thank you for this recognition by the Consumer Protection Association, and we look forward to continuing to serve our customers well,” Mohammed said.
LuLu Saudi Arabia strives to provide the best shopping experience and customer satisfaction. In order to create a customer-centric environment, the group offers high-quality products and services, competitive prices, and a variety of options to choose from.
Centrepoint embraces holy month with ‘Ramadan In Bloom’ campaign
Updated 29 March 2023
Centrepoint has unveiled its “Ramadan In Bloom” campaign, bringing together stellar collections from its four bespoke brands. The region’s leading one-stop fashion destination entwines the essence of spring and Ramadan to create a unique and captivating edit for the holy month.
The retailer has announced the season’s latest drops from Splash, Shoemart and Babyshop with an exclusive campaign that comes to life through a series of stunning visuals. The campaign revolves around celebrating the beauty of nature while rediscovering the beauty within oneself. As the world blossoms, so can you too, this Ramadan. Set in a soft and romantic mood, a sea of flowers harmoniously envelops the collection creating a dreamy escape that celebrates the joy and delight of the season.
Flaunting an elegant and modest collection, Splash combines regional-inspired motifs and patterns with statement silhouettes to curate a sophisticated wardrobe that will have you covered from dusk to dawn. Think graceful, contemporary, and fluid looks that exude opulence and effortless style.
Babyshop further completes the offering, with the girls’ line featuring dramatic bows and eye-catching florals, and the boys’ collection boasting unique geometric prints.
True to its ethos of comfort and on-trend footwear and accessories, Shoemart showcases a myriad of showstopping footwear and handbags for women. Complete your look with a collection accentuated by its bold design, dazzling embellishments, and lustrous textures. The men’s line combines traditional staples with a contemporary edge, featuring a range of sandals and slip-ons, complete with relaxed casual favorites.
Babyshop further completes the offering with a playful wardrobe for the little ones. The girls’ line sees dramatic bows and eye-catching florals, while the boys’ collection boasts unique geometric prints. This holy month, Centrepoint stores are wrapped in the dreamy cloud of bloom while they playfully celebrate the spirit of spring and the festivities of Ramadan.
The collections from its four brands showcase “a perfect blend of traditional and modern designs, catering to the fashion preferences of every member of the family,” the retailer said.
Positioning itself as the go-to family destination for Ramadan in the region, Centrepoint’s “Ramadan In Bloom” collection launches across its retail outlets, as well as online on www.centrepointstores.com.
Bab Rizq Jameel celebrates coffee program graduates
Updated 29 March 2023
Bab Rizq Jameel, part of Community Jameel Saudi, celebrated the graduation of its first cohort of Saudi men and women in the “Training Ending with Employment in the Coffee Sector Program.” The graduation ceremony coincided with the national campaign to celebrate the inaugural Social Responsibility Day in Saudi Arabia.
The program launched during the Year of Saudi Coffee 2020, under the patronage of the Culinary Arts Commission of the Saudi Ministry of Culture. Due to the program’s great results, the second edition will be launched in partnership with the Arabian Coffee Institute, and will include 40 new participants to be trained in several cities across the Kingdom.
The graduation ceremony was held in Jeddah at the Nafisa Shams Academy Hall, in the presence of Dr. May Taibah, member of the board of trustees at Community Jameel Saudi and director of Bab Rizq Jameel; Mohammed Abdul Ghaffar, general manager of entrepreneurship and social initiatives at Community Jameel Saudi; Abdalla Aly Taleb Abd Elrahman Abou Anza, manager for social initiatives at Community Jameel Saudi, along with the graduates and their families. Also present were representatives of the program’s partners, including the Arab Coffee Institute, Zed Café, and Overdose.
Due to the program’s great results, the second edition will be launched in partnership with the Arabian Coffee Institute, and will include 40 new participants to be trained in several cities across the Kingdom.
The program, in line with the objectives of the Kingdom’s Vision 2030, including the Human Capability Development Program and the National Transformation Program, contributes to improving the readiness of young people to enter the labor market. The program works to support reducing the unemployment rate to 7 percent, celebrating the authenticity of Saudi coffee, and enhancing the growth and global competitiveness of the Kingdom’s coffee industry. Embodying the essence of social responsibility in the Kingdom, the program supports the transition from charitable giving to a more sustainable contribution, creating a more profound and lasting impact on society. This aligns with the Kingdom’s recognition of Social Responsibility Day, established by the Council of Ministers on Nov. 22, 2022, to be celebrated annually on March 23.
The graduation ceremony of the first cohort coincided with Saudi Arabia’s first Social Responsibility Day, demonstrating the potential of nonprofit and private sectors to benefit society.
Dr. May Taibah, Director of Bab Rizq Jameel
During the three-month training course, participants received theoretical and practical training on the various aspects of coffee preparation at the Arabian Coffee Institute, from roasting and brewing to serving and customer relations.
The training also focused on entrepreneurial principles relating to the coffee industry, with workshops on customer service, covering topics such as customer satisfaction, sales skills, and the use of technology in cafes. The program initially trained 40 participants in coffee preparation, with graduates receiving certification from the Arabian Coffee Institute and employment opportunities made available through collaborations with partners seeking qualified Saudi talents.
Taibah said: “The graduation ceremony of the first cohort of the program coincided with Saudi Arabia’s first Social Responsibility Day, demonstrating the great potential of nonprofit and private sectors to benefit society and boost economic growth. The first edition of the program was highly successful, attracting a select group of passionate young Saudis, training and placing them in coffee-focused companies. In the second cycle, we are expanding the program’s reach to a broader range of beneficiaries and stakeholders. To achieve this, we will support participants in advancing their careers in the coffee sector, preparing them for positions such as barista president, general supervisor and café business manager.”
Ghaffar said: “Community Jameel Saudi has been committed to creating suitable employment opportunities for young Saudi men and women since its establishment. This effort has been instrumental in improving the lives of community members and strengthening the national economy across various sectors. We take pride in witnessing the success of these ambitious young individuals as they contribute to the growth and development of the Saudi coffee industry, enhancing its local content.”
International Medical Center to provide healthcare services to KAUST employees
Updated 29 March 2023
The International Medical Center signed a partnership agreement with King Abdullah University of Science and Technology to provide healthcare services for the university’s employees, in accordance with the highest medical standards set by the IMC.
The partnership agreement between the two parties stipulates that the IMC will provide integrated medical services to KAUST, supported by emergency, laboratory, radiology and pharmacy departments on campus, serving its employees and residents as well as providing them with all therapeutic, surgical and preventive services through the IMC headquarters.
Dr. Walid Fitaihi, chairman and CEO of the IMC, said that the choice of KAUST, which includes the largest university cities on a global scale, to partner with the IMC for providing its employees and residents with medical services, comes in line with Saudi Vision 2030. “This vision emphasized that the government sector benefits from the services of the private healthcare sector in light of the privatization of healthcare services, which is why KAUST made the choice to benefit from the world-class standards of healthcare provided by the IMC,” he said.
The IMC successfully launched the unified electronic medical record system project TrakCare from InterSystems, which was adopted across all IMC facilities.
Dr. Fitaihi added that under this partnership, the IMC will be providing advanced healthcare services in the most precise medical specialties, to KAUST employees through a unified system linking medical clinics in KAUST with the headquarters of the IMC.
The CEO also pointed out that the partnership agreement between the two parties is according to an approach that is the latest in the healthcare sector, which ensures the provision of services through a unified medical file and the unification of the record of medical services provided, regardless of where they are received, whether on campus or at the IMC.
He said that this approach to unify the record of medical services provided, comes after the recent updates conducted by the IMC, through which it successfully completed the largest digital transformation process in the healthcare services.
Recently, the IMC successfully launched the unified electronic medical record system project TrakCare from InterSystems, a leading global company in the field of medical information technology and Innovative data that helps users overcome the intricacies and challenges related to information. The system was adopted across all IMC facilities through a unified information record.
Egyptian restaurant Sobhy Kaber in Riyadh has announced a special menu for Ramadan. The menu blends traditional Egyptian cuisine with local Saudi flavors.
“Our menus in Sobhy Kaber are always evolving as we try to improve on each and every dish, each and every day. With that goal in mind, our executive chef has created a special menu for the holy month of Ramadan,” the restaurant said.
“Our restaurant team in Riyadh has taken great care and consideration when it comes to celebrating Ramadan with you. A carefully balanced Ramadan menu with Egyptian and oriental food is guaranteed to please every palate.”
Some of their Ramadan-special delicacies include grilled lamb chops, molokhia, meat tajin and grits meat tajin.
“The kitchen brigade, who also will be celebrating the holy month of Ramadan, will use their experience to make their Egyptian cuisine extra special for you and your family, friends and loved ones.”
The restaurant’s interiors are heavily influenced by its original home in Cairo. The décor has been carefully created to keep that authenticity whilst adding modern influence to bring it to life for the guests. With Riyadh being its new home, the local staff and Saudi influence is clearly evident for those who experience their hospitality.