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HKTDC: Hong Kong ready for business; Delegation arrives in Riyadh

Riyadh, Saudi Arabia, Feb 6, 2023 - (ACN Newswire via SEAPRWire.com) - A delegation of business leaders from the Hong Kong Special Administrative Region (HKSAR), led by the city's Chief Executive Mr John Lee and principal government officials, has arrived in Riyadh to explore collaboration opportunities with the business community of Saudi Arabia.Several Memoranda of Understanding (MoU) were signed at the Investment Forum yesterday. These include Hong Kong Exchanges and Clearing Limited (HKEX) and Saudi Tadawul Group Holding Company.The delegation paid a visit to THE LINE Experience exhibition to learn about the innovative urban designs of the futuristic city NEOM.Over the past two days, the delegation discussed with Saudi government and industry leaders how Hong Kong can facilitate the Kingdom's strategic development via its role as a global financial hub and China's international gateway. The 30-strong delegation includes senior executives from Hong Kong's financial institutions and regulator as well as major players in innovation and technology (I&T), sustainability and smart city solutions. Riyadh is the first of three stops on this week-long mission to the Middle East, organised by the Hong Kong Trade Development Council. At a press conference followed by an Investment Forum and dinner officiated by the Saudi Minister of Investment H.E. Khalid Al-Falih and attended by some 300 Saudi Arabian guests yesterday, Chief Executive Mr John Lee, said, "Saudi Arabia is a strong economy of the Gulf region and a growing source of foreign direct investment. Driven by Vision 2030, the dynamic blueprint for the future, Saudi Arabia is destined to take its place as an economic powerhouse built on diversity, sustainability, and innovation and technology. Hong Kong has long been the Asia-Pacific region's multi-level bridge for foreign and Mainland Chinese businesses and investors. As integration with the Mainland continues to deepen, so too do opportunities for Hong Kong, and the economies and companies that work with Hong Kong."Mr Lee was joined by Deputy Secretary of Justice Mr Horace Cheung, Secretary for Financial Services and Treasury Mr Christopher Hui, and Secretary for Commerce and Economic Development Mr Algernon Yau. Other business leaders from Hong Kong and Saudi Arabia also exchanged views at the investment forum yesterday.At the forum, H.E. Khalid A Alfalih said: "This visit comes on the heels of numerous historic visits between our two countries starting with the visit of President Xi in 2016 following which the ties between the two countries deepened. Through this collaboration we aim at further developing various sectors whether it be asset management, private equity, wealth management - or in fintech, which saw an exponential growth of 79 per cent between 2021 and 2022."He added:" Saudi Arabia has the largest regulated capital markets in the region, with the largest stock exchange in the MENA region. Due to evolving trends we are also making efforts to strengthen global supply chains and have launched a dedicated global supply chain resilience initiative. This will be a great opportunity for China and Hong Kong-based companies to use the KSA as a platform for adding value to products customised for the Middle East region and beyond."Several Memoranda of Understanding (MoU) were signed at the Investment Forum. These include:- Hong Kong Exchanges and Clearing Limited (HKEX) and Saudi Tadawul Group Holding Company- SenseTime and King Abdullah Financial District (KAFD) (Letter of Intent)- Hong Kong General Chamber of Commerce (HKGCC) and Riyadh Chamber- Templewater Ltd, Bravo Transport Services Ltd and Wisdom Motors (Hong Kong) Ltd and Nesma Holding Ltd- SenseTime and Sela Company (Letter of Intent)- Hutchison and King Salman Energy Park (SPARK)HKTDC Chairman Dr Peter K N Lam said, "Saudi Arabia has an important role to play in the global economy, similar to China. And as a global financial hub, China's international gateway and a commercial hub for the Belt and Road Initiative, Hong Kong can facilitate opportunities to help drive development initiatives around the world. We are pleased to organise this delegation to come and discuss collaboration opportunities, not only in our traditional sectors of finance and trade, but also in new areas in tech and innovation, smart city and sustainability solutions. Creating opportunities has been the work of the HKTDC for over 55 years, and I am hopeful that we can continue to help Hong Kong businesses play a part in the exciting growth of Saudi Arabia and the regional overall."The delegation has met with key enterprises in Riyadh to exchange ideas and learn more about Saudi Arabia's Vision 2030. They visited major institutions, such as the Saudi Stock Exchange and the NEOM exhibition. This evening, the delegation will travel to Abu Dhabi and then onwards to Dubai, to meet with senior government and business leaders of the United Arab Emirates.As a two-way platform between China and the world and as one of the world's top financial centres, Hong Kong has been supporting businesses and investors worldwide to tap into the vast China and Asia market and has been playing a major role in the global financial system with its unique connectivity to China's market. As part of China, but operating under an international system, Hong Kong provides special access to and from the mainland in the flow of capital, goods, technology and people, as defined in the country's national 14th Five-Year plan.Hong Kong is also a commercial hub for the Belt and Road Initiative, a global development plan initiated by China, and part of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) - an area in Southern China earmarked by the Chinese government to become a powerhouse of capital, I&T and cultural exchange driving the country's development. With its common law system, low tax regime, advanced infrastructure and connectivity and as a its world-renowned global trade and business hub, Hong Kong is well-placed to support businesses from all over the world to invest and grow.Find out more about Hong Kong:- Hong Kong: general facts https://tinyurl.com/Asias-world-city- Hong Kong as a global financial centre https://tinyurl.com/Financial-Centre- Hong Kong's tech and innovation https://tinyurl.com/Tech-Innovation- Hong Kong as the commercial hub for the Belt and Road Initiative https://tinyurl.com/Belt-and-Road- Hong Kong as part of the Guangdong-Hong Kong-Macao Greater Bay Area https://tinyurl.com/Greater-Bay-AreaAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, small and medium-sized enterprises (SMEs), in the mainland and international markets. Please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedInOrient Planet Group:Hassane Ghanem, Tel: +966 598606946, Email: hassane.ghanem@orientplanet.comHKTDC:Niveen Faris, Tel: +966 11 4169713, Email: niveen.faris@hktdc.orgSunny Ng, Tel: +852 2584 4357, Email: sunny.sl.ng@hktdc.orgSam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)

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World Fintech Show features dynamic collaborations set to influence the direction of fintech in Saudi Arabia.

After two thrillingly eventful days, World Fintech Show, Powered by Revival Lab, Fintactics, and Arbah Capitalconcludes after leaving the Saudi fintech industry with a lot to look forward to. This event is widely considered a pivotal turning point for the Saudi Arabian fintech market. Riyadh, Saudi Arabia, Dec 22, 2022 - (ACN Newswire via SEAPRWire.com) - Some of the biggest names and most brilliant minds in the fintech and financial services attended Trescon's World Fintech Show held on the 5th and 6th of December at the InterContinental, Riyadh. The event heavily focused on unleashing the potential of Saudi Arabia's fintech sector. World Fintech Show aided in establishing strategic alliances aimed at transforming the financial services industry for the foreseeable future.The event began with a special speech by Eng. Mansour Alobaid, Chairman Information & Communication Tech Committee, Riyadh Chamber, was then followed by a talk by Mr. Issam Abousleiman, Country Director, World Bank, on fintech in Saudi Arabia.World Fintech Show, which is renowned for its insightful panel discussions, featured discussions on topics like "Open Banking today to Open Finance tomorrow," "Moving towards a cashless society," "Regulatory compliance with FinTech legislation," "Leveraging Big data, AI & Machine Learning across Fintech" and "Tackle real-world industry challenges to build a Fintech start-up with a viable business model." The panel talks were all focused on industry challenges, the financial industry's future, and the influx of innovative financial concepts.World Fintech Show served as a platform for Revival Labs, and Arbah Capital to formalize their alliance and announce the launch of their joint venture, Fintactics Studio.Fintactics will focus on assisting internal businesses and investing in cutting-edge, high-growth fintech ventures throughout the Kingdom, MENA, and the rest of the world. Fintactics is supported by a 150Mn SAR CMA-sanctioned VC fund.The papers were signed between:Saad Almoammar, Chairman, Revival LabAnas Aldowayan, Board Member, Revival LabMohammed Al Maghlouth, Co-founder and CEO, Revival LabHaitham Alsahfy, Co-founder and CEO, FintacticsMahmoud Koohaji, CEO, Arbah CapitalHisham Al Rashed, Board Member, Arbah CapitalFahad Alrajhi, Board Member, Arbah CapitalMahmoud Koohaji, CEO of Arbah Capital, mentioned: "We are now witnessing a notable flow of opportunities with unique quality, and through this cooperation, we are committed to creating a suitable business environment to enhance excellence and growth in the financial sector."According to Mohammed Al Maghlouth, CEO of Revival Lab: "We have worked to provide innovative initiatives for the financial sector in the Kingdom of Saudi Arabia, and we aim to enable the fund to support other regions globally." Partnership Agreement of Fintactics & Aion DigitalAion Digital, a digital banking platform that strives to revitalize banking through customer-centric digital transformations is working with Fintactics to shape the financial landscape of the future. Both companies will jointly develop and expand important digital products in the GCC and MENA thanks to this collaboration. The papers were signed between:Haitham Alsahfy, Co-founder and CEO, FintacticsMohammed Al Maghlouth, Managing Partner, FintacticsAbdulatif Al Rajhi, Chairman, Aion DigitalAshar Nazim, Founder and CEO, Aion DigitalHaitham Alsahfy, CEO of Fintactics Ventures, said: "As a venture builder specialized in fintech, we seek to make Fintactics Ventures the initiator and supporter of rapid growth in the sector on solid foundations creating an attractive environment for competition and entrepreneurship by providing resources and capabilities through cooperation to accelerate the development process in startups, and be among the recent organizations to strengthen the national ecosystem in the field." The signing of Reg-Tech (Lezaam) JV agreement A new joint venture between Fintactics and Aion Digital- Lezaam will offer RegTech-as-a-Service with all features and capabilities required for digital onboarding and eKYC from journey orchestration, compliance, AML screening, and digital forensics.The papers were signed between:Haitham Alsahfy, Co-founder and CEO, FintacticsMohammed Al Maghlouth, Managing Partner FintacticsAbdulatif Al Rajhi, Chairman, Aion DigitalAshar Nazim, Founder and CEO, Aion DigitalPartnership Agreement of Fintactics & Bitfy HoldingsFintactics has invested in Bitfy Holdings, a Brazilian-based venture pioneering "Blockchain as a Service" to offer tokenization of illiquid assets. Fintactics will be able to localize blockchain tokenization and securitization technologies of physical and illiquid assets. This investment was followed by a partnership at World Fintech Show in Saudi Arabia. The papers were signed between:Haitham Alsahfy, Co-founder and CEO, FintacticsMohammed Al Maghlouth, Managing Partner FintacticsLucas Schoch, Founder and CEO, Bitfy HoldingsLaunch of HoloulUtilizing the opportunity of being present at World Fintech Show, the launch of the most recent Fintactics Venture, Holoul was also announced. Holoul is a digital mortgage platform that focuses on facilitating and enhancing homeownership. The numerous market dynamics and political encouragement from ministries were the driving forces behind this. In addition, it's a marketplace where customers can find a variety of luxury home products that suit their demands.The papers were signed between:Haitham Alsahfy, Co-founder and CEO, FintacticsMeshari Albashiri, CTO, FintacticsBasil Al Shamlan, Founder and CEO, Holoul VentureApart from these momentous MoU signings, the event also witnessed an excellent mix of back-to-back panel discussions, keynote speeches, use cases, and exclusive networking opportunities.The second day of the World Fintech Show featured some compelling topics. Mr. Wasif Hasan, Sr. Director Global Trade & Supply Chain, Al Rahji Bank, gave a noteworthy keynote speech that focused on the digitalization of financial services and the expanding Saudi fintech sector. In his presentation, "Banking as a service - A boon for Fintech providers," Mr. Mohammad Nasrullah, Head of Transactional Banking, Arab National Bank, spoke extensively on the $7 trillion opportunity in the financial sector.Speaking on Mapping the fintech landscape in Saudi, Mr. Kholoud Alharbi, Entrepreneur Selection, & Growth and Research Insight Associate, Endeavor talked about how Saudi can achieve the international market benchmark soon.Panel discussions on topics like "Anti-Money Laundering (AML) - Safeguard financial systems & customers," and "Stimulating venture investments with the goal of minimizing financial gaps for startups" offered insightful information on compliance issues that organizations face and how to easily overcome them as well as financial systems that are reshaping the financial market.Startup Grand Slam Pitch CompetitionStartup Grand Slam is a dedicated pitch competition for startups in the fintech space that are either preparing to launch their business, or the ones who are planning expansion. It brought together leading early-stage startups for a live on-stage battle where they get to pitch their ideas to some of the most influential people in the emerging tech space.The winner of the Grand Slam Pitch Competition was Mr. Oleg Kryukovskiy, Co-Founder of Kilde Financial Technologies. Kilde arranges unique private credit deals with consumer finance companies, offering investors a fixed yield of 10-12% per annum."The event opened business opportunities for companies in the fintech space, offering them the opportunity to network with potential customers and partners, as well as to showcase their products and services. It also provided a platform for educational and knowledge sharing sessions, featuring industry experts and thought leaders, as well as a showcase of innovative technologies, products and services. Attendees had the chance to learn about the latest trends and developments in the fintech industry, as well as gain insights on how to successfully launch and scale their businesses," said Mr. Mithun Shetty, CEO, Trescon.Leading global corporations from 10 different countries supported World Fintech Show, and a list of distinguished sponsors, each one backed by a history of excellence collaborated to establish a platform for the future. These include:Powered by: Revival Lab | Arbah Capital | FintacticsAssociation Partners: Fintech Business Weekly & MENA AssociationSilver Partner: Chainalysis, Tap, BureauBronze Partner: LamaaPitch Partner: FinaidDigital Partner: Eye of RiyadhOfficial Event App Partner: CrowdCommsOfficial Media Partner: The Fintech TimesExhibitors: Stay Connected | Al Jabr | Chainup | Expand my business | Finaid | Sapid Blue | Abdulmohsen Alhomaid Law Firm | AirpayStartup Exhibitor: Accurascan| Podyam | Kilde | Off-chain Yield | NowPay | SDLC CorpAbout TresconTrescon is a global business events and consulting firm that provides a wide range of business services to a diversified client base that includes corporations, governments, and individuals. Trescon specializes in producing highly focused B2B events that connect businesses with opportunities through conferences, roadshows, expos, demand generation, investor connect, and consulting services.For further details about the announcement, please contact:Nupur Aswani Head – Media, PR and Corporate Communications, Trescon +91 9555915156 | media@tresconglobal.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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anb and JCB sign acquiring agreement for local acceptance in the Kingdom of Saudi Arabia

RIYADH // TOKYO, Nov 24, 2022 - (ACN Newswire via SEAPRWire.com) - anb and JCB International Co., Ltd., the international operations subsidiary of JCB Co. Ltd., have partnered to launch JCB Card acceptance at all its POS and ATM locations deployed in the Kingdom of Saudi Arabia.JCB is a major global payment brand and a leading payment card issuer and acquirer in Japan, and JCB Cards are used by more than 140 million cardholders and accepted at about 39 million locations globally.As part of supporting the cashless society and financial inclusion that is related to Vision 2030, anb and JCB have partnered to enable the acceptance of JCB Cards. The partnership is a continuation of JCB's plan for entering the Saudi market, a destination of ever-increasing importance for its cardholders around the world for both business and tourism.Mr. Yuichiro Kadowaki, Regional Head - Middle East & Africa CEO, JCB Middle East LLC, said: "Saudi Arabia has always been a very important destination for many of JCB cardholders, from both business and religious perspectives. With the strategic plan for Vision 2030, the country is now increasingly an important destination for tourism as well. anb's extensive reach in the market will ensure that JCB cardholders will be able to use JCB Cards at their convenience. The partnership will also enhance the already close fraternal ties between Saudi Arabia and Japan."Mr. Nizar Altwaijri, Deputy Managing Director of anb, said: "anb's engagement with JCB will enable our payment systems to accept JCB Cards in the kingdom over ATM, POS and eCommerce channels. As Kingdom's economy opens up to welcoming tourists like never before, this strategic agreement will go a long way in supporting the tourism sector, which is one of the pillars of Saudi Vision 2030. This agreement is also in line with the Kingdom's plan to grow the number of options available for digital payments in the economy and will position KSA as one of the leading countries to accept a wide range of international scheme cards as part of its payment eco-system."About JCBJCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 39 million merchants around the world. JCB Cards are issued mainly in Asian countries and territories, with more than 140 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/About anbAmongst the largest banks in the Middle East, anb headquarters is based in Riyadh, Saudi Arabia with regional offices in Jeddah, Khobar and a network of branches throughout the kingdom, in addition to an international branch in London, United Kingdom.To service a large and varied customer base which exceeds 2 million, the Bank has an extensive distribution network, with 237 premises spanning over the Kingdom.Recognizing the need to serve customers in a convenient and timely manner, the Bank also has around 1,160 ATMs, 290 Corporate Cash Deposit Machines and 36,670 point-of-sale terminals, in addition to advanced mobile banking application and a state-of-the-art, award-winning phone center. For more information, please visit: www.anb.com.sa/ContactsJCBAyaka NakajimaCorporate CommunicationsTel: +81-3-5778-8353Email: jcb-pr@jcb.co.jpanbBassel Al ZirkiCorporate CommunicationsTel: +966-11-4029-9000Email: balzirki@anb.com.sa Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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15th Edition of BFSI IT Summit Saudi Arabia Physical Conference on 7th November 2022

Riyadh, Saudi Arabia, November 1, 2022 - (ACN Newswire via SEAPRWire.com) - After successful 14 editions of BFSI IT Summit, Exito is all set to host another milestone event - which serves as an ideal platform to enhance the experience to latest insights in "Re-Imagining the Future of BFSI in KSA". Accelerated digital transformation and fast changing business environments have been playing an important role in re-shaping the BFSI sector in Saudi Arabia. As the sector continues to drive innovation, the IT leaders find themselves looking for new ways to define their digital transformation strategy comprehensively, outgrow competition and stay relevant. With the risk of real challenges but great potential rewards, customer-centric approaches, automation of processes and security concerns continue to be top of mind for the IT leaders from the BFSI sector.The 15th Edition of the BFSI IT Summit: Saudi is an in-person conference bringing together the top IT Leaders from the fraternity. It aims to be a learning and networking platform curated to deep dive into the imminent challenges in BFSI and the best practices to overcome the same. The key focus will be around Automation, Digital Customer Experience, Minimizing Evolving Cyber Security Threats in Enhancing the Customer Journey.The summit is an ideal platform for Technology and Innovation Leaders to Meet, Interact and Gain new insights on the digital transformation and innovations from the Banking and Financial Services Industry. At BFSI IT Summit Saudi, you will hear from top IT experts on strategy, action plans and best practices towards building an agile digital organization.The summit will bring together 150+ IT Leaders, CIO, CTO, VP/ AVP-IT, Director IT, CDO, General Manager IT to discuss the best practices in Cyber Security and engaging in panel discussions, industry keynotes and solution showcases that will enable IT leaders to chart out the optimal strategic path.Advisory board:Sanjeev Nawani- Digital Business Servicesleader for all portfolio companies, Public Investment Fund, Kingdom of Saudi Arabia.Younes AlMogerah- IT & Digitalization Director Zakat, Tax and Customs Authority Kingdom of Saudi Arabia.Ramyan Alramyan- Chief Risk Officer, Saudi Tadawul Group: Securities, Clearing Center Company "Muqassa", Kingdom of Saudi Arabia.Speakers like Sanjeev Nawani- Digital Business Servicesleader for all portfolio companies, Public Investment Fund, Kingdom of Saudi Arabia,Younes AlMogerah- IT & Digitalization Director Zakat, Tax and Customs Authority Kingdom of Saudi Arabia,Ramyan Alramyan- Chief Risk Officer, Saudi Tadawul Group: Securities, Clearing Center Company "Muqassa", Kingdom of Saudi Arabia, Issa Al Hurimmees- Group Chief Retail Risk Officer, Al Rajhi Bank, Osama Bukhari- Head of Banking Commission, The Saudi International Chambers of Commerce, Imran H hashim- IT Infrastructure Director, Medgulf Saudi Arabia, Dr. Ahmed Darwish- Head of Digital Delivery,Bank Albilad among many others will be sharing their experiences and expertise at the Summit. Event registration has commenced for Delegates and Sponsors.The delegates will be exposed to in-depth, trend-forward sessions & workshops - practical takeaways and ideas to keep you ahead in the digitalThe sponsors will be able to create an overwhelming branding in the event along with meeting their prospects and displaying the products.Hundreds of seasoned marketers, strategists, designers, and more to network and connect with. Meet your customers, vendors, expert resources, friends and colleagues on the 7th of NovemberRegister Today to engage at this grand event as the slots are filling up fast.To know more about the event, www.bfsiitsummit/saudi/About ExitoWe are a global B2B business events company focused on crafting bespoke solutions and contexts by designing platforms that create new business opportunities for our clients across concepts and industries. We cherish the trust over the last 12 years garnered from our partnering organizations globally, and with a growing team of young, vibrant, and creative individuals, Exito aims at success and perfection! Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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14th Edition of DTS Saudi Arabia Physical Conference on 10th August 2022

Riyadh, Saudi Arabia, Aug 1, 2022 - (ACN Newswire via SEAPRWire.com) - After successful 13 editions of Digital Transformation Summit, Exito (www.exito-e.com) is all set to host another milestone event - which serves as an ideal platform to enhance the experience to latest insights in "Transforming Businesses with Emerging Technologies" will address the importance of the full potential of technology as a driver for every organization to function securely, efficiently and effectively. In the highlight of this 13th Digital Transformation Event will provide a detailed overview of the existing and predicted trends within a ever-changing digital landscape across the Middle East.The Digital Transformation Summit is an ideal platform for IT leaders in Saudi Arabia to meet, interact, gain new insights and discuss various methods to overcome the glaring challenges faced by the digital industry. Through engaging panel discussions, insightful keynotes and immersive networking sessions, the event is sure to incite both thought and action at your organization. At the Digital Transformation Summit, Saudi Arabia?s top IT leaders will share their best practices and case-studies from their transformation journey.The event will be elated with insightful sessions by the qualified speakers hosting a vast experience in the Digital Transformation domain. An exclusive one-day closed door conference hosting 150+ Digital Leaders, CEOs, Mds, CIO, CTO, CISOs,CTO, CDOs, IT Heads etc with keynote presentations, fireside chats, panel discussions and live Q&A sessions from Saudi Arabia?s top Digital Transforamtion leaders as well as enhanced virtual networking experience throughout at the DT Summit Saudi Arabia. Digital Transformation Summit Saudi Arabia will explore and understand extensively the world of digital enterprises, as digital transformation no longer remains a catch-phrase. The focus will be on digitization with effective transformation through business case studies, pertinenet challenges and tailor-made solutions for your business requirements.Speakers like Abdullah AlSalem, IT Director, Ministry of Health Kingdom of Saudi Arabia, Talha Rais Akhtar, Head Vehicle Mobility & Emerging Technology, Abdul Latif Jameel, Mashari AlMussaed, CIO, Olympic and Paralympic Committee Saudi Arabia, Bandar Almutairi, Digital Transformation of Labs Director, King Abdulaziz City For Science and Technology(KACST), Anas Mosa, IT Director, Saudi Aerospace Industries Engineering, Abdulaziz Alkhalif, Dep. CEO, Taib SA, among many others will be sharing their experiences and expertise at the summit.Event registration has commenced for Delegates and Sponsors.- The delegates will be exposed to in-depth, trend-forward sessions & workshops - practical takeaways and ideas to keep you ahead in the digital economy.- The sponsors will be able to create an overwhelming branding in the event along with meeting their prospects and displaying the products.- Hundreds of seasoned marketers, strategists, designers, and more to network and connect with. Meet your customers, vendors, expert resources, friends and colleagues on the 10th of August 2022.Register Today to engage at this grand event as the slots are filling up fast.To know more about the event, https://digitransformationsummit.com/ksa/About ExitoWe are a global B2B business events company focused on crafting bespoke solutions and contexts by designing platforms that create new business opportunities for our clients across concepts and industries. We cherish the trust over the last 12 years garnered from our partnering organizations globally, and with a growing team of young, vibrant, and creative individuals, Exito aims at success and perfection! Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Bintai Kinden Signs MoU Exploring Opportunities in Middle East

PETALING JAYA, Malaysia, Jul 25, 2022 - (ACN Newswire via SEAPRWire.com) - Bintai Kinden Corporation Berhad, a building and industrial service engineering specialist, is pleased to announce that the Company's sub-subsidiary, Johnson Medical International Sdn Bhd (JMI), has signed a memorandum of understanding (MoU) with Medical Renewable Care Company (MRC, or under its trade name known as Nouveta) to explore a collaboration providing mechanical and engineering (M&E) solutions and services to the healthcare industry of Saudi Arabia and future expansion in Dubai, United Arab Emirates (UAE).Azri Azerai, Executive Director of Bintai KindenJMI specialises in the design, manufacture and installation of customized hospital support system equipment and provision of nursing home services. Nouveta, which is based in Jeddah, Saudi Arabia, provides healthcare-related products and services to doctors, hospitals and pharmacies.Azri Azerai, Executive Director of Bintai Kinden said, "This MoU gives us the framework to explore in more concrete terms how JMI and Nouveta can collaborate further in Saudi Arabia and the UAE and leverage on the opportunities that can be found in these countries.""As a first step, we are looking to appoint Nouveta as JMI's distributor in Saudi Arabia and secondly, we will study more on the commercial viability of providing M&E solutions and services in Dubai and the rest of the UAE that may encompass a wider market than just hospitals and pharmacies. We look forward to deepening the partnership with Nouveta."Ali Salem Alsubai, General Manager of Nouveta said, "We look forward to a fruitful relationship with JMI and Bintai Kinden. We believe that there are opportunities for us to leverage on and grow together."Bintai Kinden, which recorded a net profit of RM0.91 million in the quarter ended 31 March 2022 (Q4 2022) against a net loss of RM6.59 million in the corresponding Q4 2021, also recently formed a partnership with Marafie Industries Co to supply piping materials to oil and gas related companies in Saudi Arabia as well as securing a series of projects from Petro Flanges & Fittings Sdn Bhd to supply piping materials.Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC], http://bintai.com.my/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Bank AlJazira and JCB agree to enable JCB acceptance in the Kingdom of Saudi Arabia

Kingdom of Saudi Arabia & Tokyo, Mar 10, 2022 - (JCN Newswire via SEAPRWire.com) - Bank AlJazira has partnered with JCB International Co., Ltd. to launch JCB acceptance through its POS and ATM network devices deployed in the Kingdom of Saudi Arabia (KSA). A partnership that complements the role played by Saudi Payments role to enhance the payments landscape in the kingdom through the enablement of international payment schemes to operate in KSA market.JCB is a major global payment brand and a leading payment card issuer and acquirer in Japan, and JCB Cards are used by more than 140 million cardholders and accepted at about 37 million locations globally. This partnership will enable Bank AlJazira to accept JCB Cards across their network of POS terminals and ATM terminals deployed throughout the Kingdom and also provide greater convenience for JCB's growing cardholders in Islamic markets.Both sides are delighted to reach this agreement, which would add new channels of acceptance for the JCB branded cards in the Saudi market, and will enable visitors to the Kingdom from various countries to use their JCB Cards through the POS and ATM network of Bank AlJazira in stores and outlets across the Kingdom.Yuichiro Kadowaki, Director and CEO of JCB Middle East LLC, said, "Bank AlJazira is one of the leading banks in the Kingdom. I am delighted to expand our acceptance network of JCB Cards through the partnership with Bank AlJazira. This will help expand our business further in the Kingdom. We look forward to this exciting opportunity as it is in line with the Kingdom's enhanced Vision 2030 strategy and the ever-increasing close ties between Saudi Arabia and Japan." Naif AlAbdulkareem CEO of Bank AlJazira, said, "JCB is a global payments brand that will add great value in increasing the payments acceptance in the Kingdom of Saudi Arabia. In line with Saudi Central Bank strategy and Saudi Payments initiative to achieve 2030 vision, we are pleased to announce our partnership agreement with JCB which will enhance and enrich our business and satisfy the cardholders and merchants by providing our best payments solutions."Abdulaziz Alafaleg, Managing Director of Saudi Payments, said, "Enabling JCB in the Saudi market is a remarkable milestone driven by the strategy of the Saudi Central Bank and helping the achievement of Vision 2030 goals. As part of our engagement to introduce advanced payment services and features across the Kingdom of Saudi Arabia and continuous efforts to enhance the ecosystem's competitiveness, the enablement of globally renowned international payment schemes such as JCB to operate in KSA emerges as an important driver to help us reach our endeavors to offer multiple options for the kingdom's residents and visitors."About JCBJCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 37 million merchants around the world. JCB Cards are issued mainly in Asian countries and territories, with more than 140 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/About Bank AlJaziraBank AlJazira is recognized as one of the leading Shariah compliant fast growing financial institutions in Saudi Arabia, customer-driven and service-oriented Saudi Financial Group which provides individuals, businesses and institutions with innovative Shariah compliant financial services through professional and dedicated staff.Our products and services are designed to meet the end-to-end needs of all customers from account opening to time deposits, debit and credit cards to personal finance in addition to a wide range of mortgage finance products. Furthermore, our award winning Electronic Banking services are among the best since its launching in the Saudi Market including AlJazira Online, AlJazira SMART, AlJazira Phone, and Shariah compliant credit card offerings.About Saudi PaymentsSaudi Payments is the national foundation of digital payments and the developer and operator of the national payment infrastructure in the Kingdom of Saudi Arabia with the aim to accelerate the transition to a society less dependent on cash, in line with the Saudi Central Bank's strategy and the aspirations of the Financial Sector Development Program (FSDP) towards achieving the goals of Saudi Vision 2030. The entity operates under the supervision of the Saudi Central Bank (SAMA), offering secure and interoperable digital payment solutions.ContactsJCB Co., Ltd.Ayaka NakajimaCorporate CommunicationsTel: +81-3-5778-8353Email: jcb-pr@jcb.co.jpBank AlJazira Ahmed K. AlHassanAcquiring and Digital PaymentsMobile: +966505618141Email: aalhassan@baj.com.sa Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

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Formula One: Saudi GP qualifying crash dents Verstappen’s hopes of early title party

JEDDAH, SAUDI ARABIA (REUTERS) - Max Verstappen was left disappointed on Saturday (Dec 4) after a last-gasp mistake in the dying seconds of qualifying for the Saudi Arabian Grand Prix cost him pole and dealt a blow to his chances of wrapping up a maiden Formula One title with a race to spare. The Dutchman had produced a stunning display under the floodlights, dancing his Red Bull right up against the walls lining the 6.1km-long Jeddah street track's high-speed sweeps. He was comfortably on course to seize the fastest lap from title rival and provisional pole-sitter Lewis Hamilton until he pushed a touch too far, clouting the wall on the exit of the final corner after locking up on the way in, and was forced to settle for third place. The contact broke Verstappen's rear suspension and may have damaged his gearbox, which could cost him five places on the grid if it needs to be changed. It also allowed Mercedes to lock out the front row, with Valtteri Bottas second alongside Hamilton. "I was really enjoying it and then not to finish it is extremely disappointing, especially now, in this fight, you want to start first," said Verstappen, who was 0.244 seconds ahead of Hamilton's time when he crashed and instead ended up 0.142 seconds adrift of the Briton. "I saw it was a good lap, I was three-tenths faster on my delta. I thought last corner there might be still a bit to gain. "I approached it like I always do in qualifying but now somehow I just locked up and I have to see if I actually braked later or not, for my feeling is I didn't." Verstappen leads Hamilton by eight points in the overall standings and can clinch the title on Sunday if he finishes in the top two with other permutations working in his favour. More on this topic   Related Story Formula One: Hamilton on Saudi GP pole as Verstappen slips to third   Related Story Formula One: Hamilton chasing hat-trick to set up last-race showdown But a third-place finish, with Hamilton first and scoring the extra point for fastest lap, would see the Briton draw level on points, setting up a winner-takes-all last-race duel in Abu Dhabi. Verstappen is confident Red Bull have the pace to challenge Mercedes on Sunday and will be going for the win rather than damage limitation. "Of course I would have liked to start first," he said."Starting third is a bit more difficult but definitely not impossible." More on this topic   Related Story Formula One: Hamilton reprimanded and Mercedes fined at Saudi GP   Related Story Formula One: Hamilton dominates practice on new circuit in Saudi Arabia

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Formula One: Hamilton dominates practice on new circuit in Saudi Arabia

JEDDAH, SAUDI ARABIA (REUTERS) - Seven-time world champion Lewis Hamilton made the early running on the new track in Jeddah as he clocked the fastest time in both practice sessions on Friday (Dec 3) for the Saudi Arabian Grand Prix. The Mercedes driver, who will race in support of human rights and the LGBTQ+ community this weekend by wearing a rainbow-coloured helmet, posted a quickest time of 1min 29.786secs in the first session on the new street circuit. He later eclipsed that with 1min 29.018secs under the lights in the curtailed second session. It was the first time that the drivers had come up against the new Jeddah Corniche circuit with its series of high-speed bends which proved too much for Charles Leclerc who ploughed his Ferrari into the wall at Turn 22 towards the end of the second session. The Monegasque, who still pulled the 10th fastest time, confirmed he was okay over the radio but the session was red flagged and was not resumed. Other drivers appeared to give the thumbs-up to the new track. “This track is cool,” Valtteri Bottas told Mercedes engineers during the first session before clocking the day’s second quickest time of 1min 29.079secs, just 0.61secs behind his teammate. AlphaTauri’s Pierre Gasly was third quickest, ahead of Red Bull’s Max Verstappen who went round in 1min 29.213secs. Verstappen takes an eight-point lead over Hamilton into the penultimate race of the season and could potentially win the title on Sunday. More on this topic   Related Story Formula One: Title rivals Verstappen, Hamilton play it cool ahead of crunch Saudi GP   Related Story Formula One: Hamilton chasing hat-trick to set up last-race showdown Hamilton has won the last two races in Brazil and Qatar to trim Verstappen’s advantage but if the Dutchman wins on Sunday and Hamilton finishes outside the top six it will be the Red Bull man who takes his crown. The Alpines of Fernando Alonso and Esteban Ocon were fifth and sixth quickest, ahead of the other Ferrari of Carlos Sainz, Yuki Tsunoda in the second AlphaTauri and Verstappen’s teammate Sergio Perez who appeared to struggle with the circuit. Qualifying for the Saudi Arabian Grand Prix takes place on Saturday from 1700GMT (1am on Sunday, Singapore time). More on this topic   Related Story Motor racing: First Saudi female racer named ambassador for maiden F1 GP   Related Story In The Driver's Seat: Evergreen Alonso serves up reminder of his driving ability

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Global Cloud Experts Gather to Address Roadmap for Cloud-First Approach in the Kingdom.

Saudi Arabia, Mar 27, 2021 - (JCN Newswire via SEAPRWire.com) - Having hosted multiple high-level conferences across the globe, World Cloud Show (WCS) has established itself as one of the world's biggest and elite cloud show series. While it has proven itself as the quintessential cloud event, World Cloud Show has had the reputation of getting global experts, investors, and cloud entrepreneurs all under one roof consistently, edition after edition.Taking place on 29 March 2020, and endorsed by Saudi Cloud Computing Association, World Cloud Show - KSA is powered by Oracle. With Darktrace as the lead sponsor, the show will feature keynotes from thought-leaders and industry experts, private networking sessions, secure audio-visual meetings, private meetings and more.Jonas Knudsen who is a research director within International Data Corporation (IDC) Health Insights in EMEA stated that, "Darktrace thrives in complex digital environments, as technology is adaptive and continues to revise its understanding of 'normal' in light of new evidence, enabling it to detect and respond to threats that other tools miss, while providing complete visibility across the digital."A ground-breaking collaboration of expertsEager to keep the momentum from its previous editions, World Cloud Show will feature prominent experts such as Fahad a. Alhamed, Chairman of the Board, Saudi Cloud Computing Association; Dr Fatmah Ba Othman, President, AI Society Member of G20 Task Force, Founder & President of AI Society; Salem Mohammed Baras, Director, Cloud and Digital Platforms Solutions, STC; Khalid Alohali - Emerging Technology and Innovation leader, Oracle; Nabil Zoldjalali - Director of Cloud Security, Darktrace; Mohsin Raza Khan, SE Manager, Nutanix; Vijay Bharti - CISO and Senior VP of Cyber Security practice, Happiest Minds Technologies; Girish Chandangoudar - VP, Head of Infrastructure Management Service, Happiest Minds Technologies; Dasaradha Ramakrishna Sajja, Global Head - Cloud Engineering and Operations, Cloud4C; Dasaradha Ramakrishna Sajja, Global Head - Cloud Engineering and Operations, Cloud4C; and over 30 other industry leaders."World Cloud Show will digitally connect key players in the cloud computing world to help the Kingdom of Saudi Arabia with a connected Cloud-based ecosystem and strong disaster recovery capabilities," said Mithun Shetty, CEO of Trescon.World Cloud Show - KSA will cover current topics including how Saudi Arabia is utilizing Cloud Computing to realize its technology ambitions; exploring the market dynamics behind the move towards cloud technology; cloud adoption to benefit Saudi Arabian enterprises across the sectors; cloud data governance: a catalyst for Saudi vision 2030 and much more.The show will be hosted on the virtual events platform Vmeets to help participants network and conduct business in an interactive and immersive virtual environment. Participants can also engage with speakers in Q&A sessions and network with solution providers in virtual exhibition booths, private consultation rooms and private networking rooms.Endorsed by the Saudi Cloud Computing Association, World Cloud Show - KSA is powered by Oracle and is officially sponsored by Lead Sponsor - Darktrace; Platinum Sponsors - Nutanix, Cloud4C and Happiest Minds and Sliver Sponsor - ManageEngineTo register your interest to attend WCS - KSA, visit World Cloud Show - KSA.About World Cloud ShowWorld Cloud Show takes place in strategic locations across the world which gathers pre-qualified CIOs, CEOs, CTOs, Heads of Research, Industry Practitioners, IT Decision Makers and Experts in Cloud Computing among others from cross-industry verticals.The show will feature exciting keynotes, government and enterprise use-case presentations, product showcase, panel discussions and tech talks to discuss the latest challenges and explore latest applications of cloud-based solutions.For further details about the announcement, please contact:Karthik AMarketing LeadTresconmarketing@tresconglobal.com Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

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Saudi Arabia set to become the next cloud computing hub as major leaders share their vision at World Cloud Show – KSA

Saudi Arabia, Feb 12, 2021 - (ACN Newswire) - Having hosted multiple high-level conferences across the globe, World Cloud Show (WCS) has established itself as the one of the world's biggest and elite cloud show series. While it has proven itself as the quintessential cloud event, World Cloud Show has a reputation of getting global experts, investors, and cloud entrepreneurs all under one roof consistently, edition after edition.Taking place on 29 March 2020, World Cloud Show - KSA is endorsed by Saudi Cloud Computing Association. With Oracle as the headline sponsor and Darktrace as the lead sponsor, the show will feature keynotes from thought-leaders and industry experts, private networking sessions, secure audio-visual meetings, private meetings and more."Oracle Cloud is fast becoming the preferred digital transformation platform for private companies, public sector organisations, and tech startups in Saudi Arabia," said Fahad Al Turief, Country Leader - Saudi Arabia, Oracle. He also added, "Leading organisations across diverse sectors, including Saudi Railway Company, Arabian Centres Company, King Abdullah Institute of Medical Research (KAIMRC), Awini app and several more have deployed Oracle Cloud offered by our cloud region in Jeddah to unlock innovation faster and drive new business growth.""Like many other nations, Kingdom of Saudi Arabia is rethinking its tech strategy as a response to the post-pandemic situation and is poised to become a global leader in the Cloud space," said Mithun Shetty, CEO of Trescon. He further added, "World Cloud Show will digitally connect key players in the cloud computing world to help the Kingdom of Saudi Arabia a connected ecosystem with strong disaster recovery capabilities."The show will be hosted on the virtual events platform Vmeets to help participants network and conduct business in an interactive and immersive virtual environment. Participants can also engage with speakers in Q&A sessions and network with solution providers in virtual exhibition booths, private consultation rooms and private networking rooms.A ground-breaking collaboration of expertsEager to keep the momentum from its previous editions, World Cloud Show will feature prominent experts such as Fahad a. Alhamed, Chairman of the Board, Saudi Cloud Computing Association; Dr Fatmah Ba Othman, the President, AI Society Member of G20 Task Force, Founder & President of AI Society; Badar Khan, Director of Digital Mobility, NEOM; Arwa Alhamad - Cyber security Expert, Advocate to Cyber Security and Women Enablement, Cyber Security Director, Saudi Telecom Company; Mohammed Mahnashi - Information Technology Advisor, Ministry of Foreign Affairs, Saudi Arabia; Muhammad Tariq Ahmed Khan - Head Of IT, Arab National Bank and over 30 other industry leaders.World Cloud Show - KSA will cover current topics including IT Infrastructure in the era of Datacentres and Cloud, Cloud framework and security strategies for the KSA Government Authorities, Datacenters: A lever for transforming the technological landscape, Cloud Transformation for the Oil & Gas IT Infrastructure: when Cloud meets IoT and much more.World Cloud Show - KSA is officially sponsored by Headline Sponsor - Oracle; Lead Sponsor - Darktrace; Gold Sponsor - Nutanix.To register your interest to attend WCS - KSA, visit World Cloud Show - KSA, bit.ly/3abKlJ9. About World Cloud ShowWorld Cloud Show takes place in strategic locations across the world which gathers pre-qualified CIOs, CEOs, CTOs, Heads of Research, Industry Practitioners, IT Decision Makers and Experts in Cloud Computing among others from cross-industry verticals.The show features exciting keynotes, government and enterprise use-case presentations, product showcase, panel discussions and tech talks to discuss the latest challenges and explore latest applications of cloud-based solutions.For further details about the announcement, please contact:Karthik AMarketing LeadTresconmarketing@tresconglobal.com Copyright 2021 ACN Newswire. All rights reserved. www.acnnewswire.com

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Singapore-registered oil tanker damaged in alleged attack

SINGAPORE - BW RHINE, a Singapore-registered commercial oil tanker, was attacked by an "explosive-laden boat", according to an official spokesman from the Ministry of Energy of the Kingdom of Saudi Arabia. It is yet unclear who was behind the attack and there are no other details about the explosive-laden boat at this point. The ship was anchored at the Port of Jeddah, a Saudi port. It was reported to be damaged in the early hours of Monday, said the Ministry of Foreign Affairs (MFA) in a statement on Wednesday (Dec 16). It suffered hull damage and from a small fire but none of the vessel's 22 crew members - none of them Singaporeans - were injured, said the MFA. The oil tanker is operated by Hafnia, a Singapore-headquartered tanker firm. On Monday, Hafnia said in a statement regarding the incident that the tanker was hit while discharging at Jeddah at approximately 12.40am local time that day. The crew managed to extinguish the fire with assistance from the shore fire brigade and tug boats. "It is possible that some oil has escaped from the vessel, but this has not been confirmed and instrumentation currently indicates that oil levels on board are at the same level as before the incident," they added. The incident comes less than three weeks after an oil tanker was damaged in a possible attack at the Saudi terminal of Shuqaiq, south of Jeddah, reported Bloomberg News in an article about the incident on Monday. While it is still unclear who is responsible for the attack, the Bloomberg report notes that Yemen's Houthi rebels have previously used sea mines to attack ships in Saudi Arabian waters. The Houthis, who are supported by Iran, have been fighting Yemen's United Nations-backed government since 2014. A Saudi-led coalition intervened a year later on the side of the government. The Maritime and Port Authority of Singapore is currently investigating the incident with the relevant Saudi authorities. Singapore condemns all attacks on commercial vessels which pose a serious threat to the security and safety of international maritime navigation and trade, added the MFA. More on this topic   Related Story Explosion at Saudi port of Jeddah hits at least one tanker   Related Story France says blast in Saudi city Jeddah wounds several, condemns 'cowardly attack'

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Alinma Bank signs acquiring agreement with JCB International for local acceptance in the Kingdom of Saudi Arabia

Riyadh & Tokyo, Nov 9, 2020 - (ACN Newswire) - Alinma Bank has partnered with JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co. Ltd., Japan's only international payment brand, to enable the acceptance of JCB Cards through its POS and ATM network devices deployed in the Kingdom of Saudi Arabia. The expansion is in line with the Kingdom's strategic vision to promote both a cashless society and financial inclusion as part of Vision 2030.The partnership is also a continuation of JCB's plan for entering the market in the Kingdom of Saudi Arabia, a destination of ever-increasing importance for its cardholders around the world for both business and tourism. The partnership will significantly give added convenience to JCB cardholders from the Islamic world, who frequently travel to Saudi Arabia for religious tourism."I am delighted that we have entered into this partnership with Alinma Bank for the acceptance of JCB Cards," said Mr. Yoshiki Kaneko, President and COO of JCBI. "Saudi Arabia has always been a very important destination for many of JCB cardholders, from both a business and religious perspective. With the strategic plan for Vision 2030, the country is now increasingly an important destination for tourism as well. Alinma Bank's extensive reach in the market will ensure that JCB cardholders will be able to use JCB Cards at their convenience. The partnership will also enhance the already close fraternal ties between Saudi Arabia and Japan.H.E. Mr. Abdulmohsen Al-Fares, CEO of Alinma Bank said: "We at Alinma Bank are so pleased to partner with JCB, whose reputation for the quality and reliability of their services precedes them. Through this agreement, Alinma will deepen its commitment to continually enhancing its service offerings for its partners (customers). Furthermore, this partnership will help Alinma support the kingdom's ongoing progress toward the realization of Vision 2030, as well as the enablement of daily life and business activities of those who visit the kingdom each year."About JCBJCB is a major global payment brand and a leading payment card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes 34 million merchants in the world. JCB cards are now issued in 24 countries and territories with more than 140 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase merchant coverage and card member base. As a comprehensive payment solution provider, JCB commits to provide responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/About Alinma BankAlinma Bank strives to deliver forward thinking, innovative, exemplary products and services that meet customer needs and expectations. Alinma today owns one of the most advanced banking infrastructures with regard to technological capabilities, branch network, remote channels, and product and service innovation. In addition, Alinma's products and services are designed to meet the real and pressing needs of a growing and changing market. With full commitment to Saudi Arabia's Vision 2030 initiative, Alinma understands the importance of continually transforming and refining its business in order to be of true value to its partners, the community, and the kingdom as a whole.Alinma Bank has four wholly owned subsidiaries: Saudi Financial Technology Company, Alinma Investment Company, Al-Tanweer Real Estate Company, and Alinma Cooperative Insurance Agency. The bank also holds a stake in and is a founder of Alinma Tokio Marine Company, which provides Shariah-compliant, cooperative insurance products and services, ERSAL Financial Remittance Company, and Bayan Credit Bureau Company. Contacts:JCB Co., Ltd.Kumiko Kida, Ayaka NakajimaCorporate CommunicationsTel: +81-3-5778-8353Email: jcb-pr@info.jcb.co.jpAlinma BankMohammed Abdulrhman Al Muwannas Marketing & Corporate Communications General ManagerTel: +966112185777Email: malmuwannas@Alinma.com Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

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Riyad Bank signs acquiring agreement with JCB for local acceptance in the Kingdom of Saudi Arabia

Riyadh & Tokyo, Oct 26, 2020 - (ACN Newswire) - Riyad Bank, a listed company on the Saudi Arabia Stock Exchange in the Kingdom of Saudi Arabia, and JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., announced that Riyad Bank had signed a partnership agreement with JCBI to enable the acceptance of JCB Cards at all Point of Sale systems, online and ATMs throughout the Kingdom of Saudi Arabia.As part of a push to make the Kingdom a cashless society and support for financial inclusion that is both in line with the aims of the Saudi Vision 2030, this partnership will enable JCB Cardholders to use JCB Cards through Riyad Banks's network for Point of Sale and ATMs across Saudi Arabia, thereby providing greater convenience for JCB's globally increasing cardholders in Islamic markets such as Bangladesh, Bahrain, India, Indonesia, and Pakistan."I am delighted to announce this partnership in consideration of the Vision 2030 and the ever-closer relationship between Saudi Arabia and Japan." Mr. Yoshiki Kaneko, President & COO of JCB International Co, Ltd. said, "Along with the introduction of the tourist visa program last year, which offers visas to citizens of 49 countries, a larger number of JCB Cardholders is expected to visit Saudi Arabia on top of our Muslim cardholders in Asia. We position Saudi Arabia as the most significant market for expanding our business in the Middle East. I am certain this partnership will benefit both our cardholders and Riyad Bank's merchants for their convenience and in terms of the opportunity with the new payment option."Mr. Mohammed Abo Al-Naja, Riyad Bank Executive Vice President Corporate Banking: "It is our pleasure that we are one of the first Banks in the Kingdom to avail the acceptance of JCB Cards at its merchant locations. The partnership is in line with the Vision 2030 in promoting a cashless economy. This move would greatly benefit pilgrims visiting from the Far East where our partner JCB has a strong presence, and the ever-increasing number of tourists visiting the Kingdom. JCB Cardholders will have the option to use their cards in a wide range of outlets capitalizing on our leadership position in the market. Furthermore, this complements our strategy and vision to bring to the market the latest and most innovative offerings while addressing the needs of our merchants and the market."About Riyad BankRiyad Bank is one of the largest financial institutions in the Kingdom of Saudi Arabia and the Middle East. Riyad Bank was established in 1957, with a paid-up capital of SAR 30 billion. It provides a comprehensive range of products and services to meet the needs of both retail and corporate customers, including SMEs. Riyad Bank plays a leading role in various areas of finance and investment in Saudi Arabia, that is why it distinguished as a leading financier and arranger of syndicated loans in the oil, petrochemicals, and most of the Kingdom's notable infrastructure projects. Riyad Bank offers innovative and remarkable financing solutions through a network of 308 branches and more than 45,000 POS, in addition to more than 2,542 ATMs well distributed in strategic & carefully selected locations around the Kingdom. It had a branch in London and offices in Houston (USA), and Singapore helps support the international banking needs of such customers. Also, it has electronic banking services (web-based and mobile applications) that use the latest electronic technologies to address the banking needs of our customers with utmost ease, convenience, and security.About JCBJCB is a global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 34 million merchants as well as cash advance locations around the world. JCB Cards are now issued in 24 countries and territories, with more than 140 million cardmembers. As a comprehensive payment solution provider, JCB commits providing responsive and high-quality service and products to all customers worldwide. www.global.jcb/en/For more information for media: Riyad BankMedia contactTel: +966-11-401-3030 Ext. 2984Email: mediarelations@riyadbank.comJCBKumiko Kida, Ayaka NakajimaCorporate Communications Tel: +81-3-5778-8353 Email: jcb-pr@jcb.co.jp Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

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