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1161 - 1170 from 16601 . In "BUSINESS"
Marriott Bonvoy American Express Credit Card launched in Saudi Arabia 
The Marriott Bonvoy partnered with American Express to launch the first of its kind credit card in Saudi Arabia, enabling Card Members to earn hospitality rewards for their everyday spend. Saudi Arabia is an important market for Marriott International and we are very optimistic about the future of hospitality in the Kingdom, said Neal Jones, Chief Sales and Marketing Officer, Europe, Middle East & Africa, Marriott International in a recent question and answer session. Here are the excerpts:What can you tell us about the new credit card?The Marriott Bonvoy® American Express® Credit Card is the first of its kind in the Kingdom of Saudi Arabia enabling Card Members to earn hospitality rewards for their everyday spend. The card allows Card Members the chance to earn Marriott Bonvoy points on...
November 03, 2022

Marriott Bonvoy American Express Credit Card launched in Saudi Arabia 

Petro Rabigh launches initiative to plant 10K Mangrove saplings in alignment with Saudi Green Initiative
RABIGH — Petro Rabigh launched on Tursday its initiative to plant 10 thousand Mangrove saplings in conjunction with the “Saudi Green Initiative” and the United Nations global sustainable development goals (Working for the Sake of the Climate - Life Underwater - Life on Earth). The first phase of the initiative targeted the plantation of 1000 saplings along the Kharar Bay in Rabigh Governorate, covering an area of over 70 thousand square meters. Company employees and their family members took part in planting the saplings.Petro Rabigh's President & CEO, Engineer Othman bin Ali Al-Ghamdi, emphasized that the mangrove trees plantation initiative is part of the Company's commitment to reducing carbon dioxide emissions in order to mitigate pollution and support the goals of the...
November 03, 2022

Petro Rabigh launches initiative to plant 10K Mangrove saplings in alignment with Saudi Green Initiative

The International Medical Center to open in Makkah soon
The International Medical Center (IMC) intends to open a new branch in Makkah as part of Alrajhi Investment integrated urban project. The new branch will include an integrated system of outpatient clinics that cover all medical specialties, as well as a same-day surgery center, an integrated radiology center, a specialized beauty center equipped with the latest medical equipment, and a laboratory that provides all types of medical testing services. The Makkah branch will also include a number of departments including Emergency, VIP (Executive Program), Home Healthcare, and Family Medicine, as well as a round-the-clock pharmacy. This is all in addition to several medical units, such as the dialysis unit, diagnostic heart unit, respiratory examination unit, physiotherapy unit, and...
November 03, 2022

The International Medical Center to open in Makkah soon

Trend Micro forges strategic partnership with Megamind
RIYADH — Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity solutions, announced the signing of a Memorandum of Understanding (MoU) with Megamind, the IT arm of BAB Holdings, at the recently held GITEX Global event at the Dubai World Trade Centre. The partnership aims to help build stronger cybersecurity resilience for The Global Health Care Service Provider, BAB Holding.This initiative brings together Trend Micro and Megamind, one of the leading information technology companies in the Middle East & Africa region and Pakistan, to make available cybersecurity products, services, and solutions required by BAB and its subsidiaries in the Middle East, Africa, and Pakistan. As per the agreement, Trend Micro will also support Megamind in any further expansion of...
November 02, 2022

Trend Micro forges strategic partnership with Megamind

SingleView participates in Seamless KSA 2022
Aiming to consolidate its position in the most leading market in the Middle east, SingleView Company is to participate in Seamless 2022 KSA in the period between 2-3 November. The event is showcasing the latest technologies and innovations in payments, fintech, retail and e-commerce. This comes as one of the company’s endeavors to confirm its position as one of the leading companies in the field of providing the latest financial technologies in the Saudi market, which is characterized by its electronic infrastructure utilizing the best innovative solutions in the field of electronic financial transactions. As a golden sponsor to the event, SingleView aims to improve the experience of companies and facilities in cash management through artificial intelligence with diversified...
November 02, 2022

SingleView participates in Seamless KSA 2022

Mr. Waleed A. Al-Mogbel, CEO of alrajhi bank, and Mr. Ibrahim Alrashid, CEO of the Social Development Bank, signed the two agreements.
Alrajhi bank signs an agreement with the Social Development Bank
Alrajhi bank signed two cooperation agreements with the Social Development Bank to provide savings services to customers of the Zood Savings Program and the Zood Al Ajyal Savings Program on October 31 of each year, coinciding with International Savings Day.Mr. Waleed A. Al-Mogbel, CEO of alrajhi bank, and Mr. Ibrahim Alrashid, CEO of the Social Development Bank, signed the two agreements.The two agreements aim to provide financial savings services to Zood Savings Program and Zood Generations Savings Program subscribers, as well as to expand the options available to alrajhi bank customers, as the bank was approved as an extension of previous Social Development Bank agreements.The Zood Savings Program, the first of the Social Development Bank's savings programs launched in 2018, aims to...
October 31, 2022

Alrajhi bank signs an agreement with the Social Development Bank

New World Group (NWG), global diversified investor-operator in Financial Technology (Fintech), witnessed robust activity in future investments at the sixth edition of the Future Investment Initiative (FII), hosted in Riyadh between October 25th-27th.
NWG model in sustainable future
New World Group (NWG), global diversified investor-operator in Financial Technology (Fintech), witnessed robust activity in future investments at the sixth edition of the Future Investment Initiative (FII), hosted in Riyadh between October 25th-27th.The group, which builds, invests, and scales businesses, focuses on disruption, digitisation, and real-world, tangible impact - with the ultimate goal of ‘Investing in Humanity’, in line with the theme of FII-6. NWG highlights the importance of cross-sectoral synergies and sector agnostic investments in Fintech, Real Estate, and Luxury Goods across global jurisdictions as a means to accomplish this goal.Adam Sadiq, Founder & CEO of New World Group says, “We are thrilled to be in attendance at this year’s edition of FII, where...
October 30, 2022

NWG model in sustainable future

Saudi National Bank (SNB) announced on Oct. 26, 2022, that it was entering into a financial investment in Credit Suisse Group AG (Credit Suisse) for a consideration of up to $1.50 billion representing up to a 9.9% stake.
Saudi National Bank invests $1.5 billion in Switzerland’s Credit Suisse
RIYADH — Saudi National Bank (SNB) announced on Oct. 26, 2022, that it was entering into a financial investment in Credit Suisse Group AG (CSGN.SW) (Credit Suisse) for a consideration of up to $1.50 billion representing up to a 9.9% stake.This investment in Credit Suisse is a financial investment which will be a part of SNB’s overall investment portfolio of $68.7 billion, hence the holding will comprise c. 2.2% of SNB’s pro forma investment book, c. 3.5% of the total shareholders’ equity and c. 0.6% of total consolidated assets.From a capital perspective, the transaction is expected to have a limited total impact with 20-40 bps over the next 5 years, with SNB preserving significant buffer above regulatory capital requirements given its robust capital position.SNB views this...
October 30, 2022

Saudi National Bank invests $1.5 billion in Switzerland’s Credit Suisse

Alrajhi Bank offers Tier 1 Sukuk denominated in Saudi Riyals for public subscription
Alrajhi bank announced the launch of its Tier 1 Sukuk denominated in Saudi Riyals on Sunday, October 30th, 2022. Alrajhi Capital, was appointed as the financial advisor and lead manager in connection with the offering, post receiving the Capital Markets Authority approval for the public offering on October 20th, 2022.On the back of the bank's successful previous private issuance in January 2022, and the significant turnout by investors at that time, Alrajhi Bank decided to make this a public subscription. Due to this, it will be listed on the Saudi Stock Exchange (Tadawul), and hence investors will be able to actively trade and invest in the Sukuk. This will create liquidity for the Sukuk and provide a greater opportunity for investors in general, and retail investors in particular.The...
October 30, 2022

Alrajhi Bank offers Tier 1 Sukuk denominated in Saudi Riyals for public subscription

IMC in Jeddah launches annual comprehensive breast cancer awareness campaign
The International Medical Center in Jeddah launched a comprehensive awareness campaign for breast cancer awareness, throughout the month of October.The campaign focuses on encouraging women to detect breast cancer in its early stages and introducing them to the self-detection mechanism,in addition to introducing the procedures that should be followed when cancer is detected.The aim is creating an educated society fully aware of the risks of breast cancer and the methods of prevention.The campaign came in line with the directions of the Kingdom, represented by the Ministry of Health and the Breast Cancer Early Detection Project launched by the Ministry itself, and based on the social responsibility programs of the IMC, under two motivating and positive titles (you are stronger by hope -...
October 27, 2022

IMC in Jeddah launches annual comprehensive breast cancer awareness campaign

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