蹤獲弝け

Riyad Bank and Mastercard join forces to empower MSMEs

Riyad Bank and Mastercard join forces to empower MSMEs
The launch of the three-tier credit program marks the latest step by Mastercard and Riyad Bank to serve MSMEs of all sizes and business types.
Short Url
Updated 08 June 2025

Riyad Bank and Mastercard join forces to empower MSMEs

Riyad Bank and Mastercard join forces to empower MSMEs

Riyad Bank and Mastercard have collaborated to provide small and medium-sized businesses in 蹤獲弝け with enhanced access to funding. The two entities have introduced a unique credit card program offering micro, small, and medium-sized enterprises access to financial solutions to grow and thrive.

As part of the agreement, Riyad Bank will enable MSMEs across the Kingdom with a three-tier credit program providing greater choice and flexibility in the form of unique cards: the Mastercard NMOO Business Credit Card, Mastercard NMOO Executive Credit Card, and Mastercard NMOO World Credit Card.

Each of these unique products will offer flexible limits, supporting enterprises and entrepreneurs to take greater control of their futures. They will deliver real-time solutions that support MSMEs to help buy, operate and sell, bridging financing gaps, and providing access to funding by enabling enterprises to get approved for credit facilities, for example, for business expansion.

As one of the largest financial institutions in the Kingdom, we are fully committed to serving as a trusted financial solutions partner to the people, businesses, and entities we support, said Mohammed Abo Al-Naja, chief corporate banking officer, Riyad Bank. Over the years, we have helped to drive the growth and development of 蹤獲弝けs micro, small, and medium-sized enterprises ecosystem, and today, we are more determined than ever to empower businesses to realize their potential. We are pleased to have partnered with Mastercard to launch our truly novel three-tier credit program, powering the future of MSMEs with timely access to crucial funding.

At a time when Saudi entrepreneurship is truly beginning to flourish, we recognize that effective partnerships and innovation are essential to empowering micro, small, and medium-sized enterprises to advance and thrive, said Adam Jones, EVP and division president, West Arabia, Mastercard. Our partnership with Riyad Bank was launched with this goal in mind. Together, we aim to provide MSMEs with essential access to critical lending and funding. We look forward to expanding our first-of-its-kind program to more businesses across the country and supporting them in achieving their goals.


Baheej to open new wellness resort on Yanbu coastline

Baheej to open new wellness resort on Yanbu coastline
Updated 11 June 2025

Baheej to open new wellness resort on Yanbu coastline

Baheej to open new wellness resort on Yanbu coastline

Baheej, 蹤獲弝けs emerging destination developer and a joint venture between ASFAR, the Saudi Tourism Investment Company and a Public Investment Fund company with the Tamimi-AWN Alliance, has announced the fourth component of its transformative Yanbu Waterfront Project: a 34-room boutique wellness resort that brings together ancestral wellness wisdom and contemporary design inspired by the regions seafaring heritage.

Nestled on the tranquil shores of Yanbu, this intimate sanctuary will feature private sea-view cabanas, immersive wellness programming, and a signature spa designed as an architectural homage to the pearl, once a precious treasure of Yanbu and a symbol of renewal and serenity.

Norah Al-Tamimi, CEO of Baheej, said: This project is a reflection of Baheejs vision to enrich Saudi destinations with meaning, not just infrastructure. Our wellness resort is more than a place to stay its an experience crafted around the values of balance, beauty, and belonging. We believe it will become a new symbol of Yanbus evolving identity as a serene coastal escape.

Envisioned as a journey and offering guests opportunities to reconnect with self and place, Baheej is developing the resort with curated experiences that include meditation at sunrise, movement rituals inspired by coastal rhythms, and wellness treatments rooted in Arabic healing traditions and native ingredients.

The design, developed by Spectrum Architecture, draws deeply from the soul of Yanbu, said Stefano Lopez, senior director at Baheej. It reinterprets the poetry of seafaring traditions and the calm resilience of the sea into a space of reflection, comfort, and transformation.

Lopez also noted that the official brand of the resort will be revealed later this year, hinting at its distinctive Saudi character. We want to create a brand that resonates with our domestic travelers one that brings generations of Saudi heritage and wellness practices to the forefront of contemporary hospitality, he said.

This launch marks a further step in Baheejs mission to transform Yanbu into the gateway to the Red Sea Riviera a new destination narrative that fuses nature, culture, and community. The wellness resort joins a growing collection of destination-defining assets developed by Baheej in Yanbu, including Cloud 7 Lifestyle hotel by Kerten Hospitality, Kaynuna Beach Escape and the upcoming Jaba Tour Center and Diving Club.


Aldar announces regions first Kings College School Wimbledon

Aldar announces regions first Kings College School Wimbledon
Updated 11 June 2025

Aldar announces regions first Kings College School Wimbledon

Aldar announces regions first Kings College School Wimbledon

Aldar has announced an exclusive partnership between Aldar Education and the internationally renowned Kings College School Wimbledon to establish its first regional campus on Abu Dhabis Fahid Island.

Scheduled to open in September 2028 following ADEK and regulatory approvals the new K-12 super-premium school will significantly enhance Abu Dhabis already world-class educational offering, providing students with an established pathway to the highest ranked universities globally.

Strategically located within Fahid Islands master-planned community, the new Kings College School Wimbledon Abu Dhabi campus will span an expansive 50,000 square meters, accommodating up to 2,220 students. Designed to seamlessly blend cutting-edge educational resources, extensive sports facilities, and a focus on student well-being, the campus complements Fahid Islands broader vision to foster balanced lifestyles within a vibrant natural setting.

Kings College School Wimbledon is renowned for its rich heritage and exceptional academic standards.

Talal Al-Dhiyebi, group chief executive at Aldar, said: We are proud to announce the first Kings College School Wimbledon to Abu Dhabi, a milestone that reflects Aldars fast-growing education portfolio and commitment to educational excellence. With Kings longstanding legacy of academic distinction and its proven track record of preparing students for the worlds top universities, this new school at the heart of Fahid Island will further strengthen Abu Dhabis position as a premier destination for world-class education and a global center for talent development.

Sahar Cooper, chief executive at Aldar Education, added: Kings College School Wimbledon is globally recognized for its ability to nurture well-rounded individuals equipped with the confidence, compassion and critical thinking skills to thrive. The schools holistic approach to education, anchored in strong values, rich co-curricular programs, and personalized pastoral care, will add a new dimension to Aldar Educations offering and further support Abu Dhabis vision to become a regional hub for excellence in education.

The establishment of Kings College School on Fahid Island marks the initial phase of Aldars comprehensive educational strategy for the island, designed to address growing demand for premium educational offerings. Future phases will introduce additional educational institutions as part of its masterplan.


ABB launches mentorship program for female employees

ABB launches mentorship program for female employees
Updated 11 June 2025

ABB launches mentorship program for female employees

ABB launches mentorship program for female employees

ABB 蹤獲弝け has launched its 2025 Womens Mentorship Program, developed in partnership with the Saudi-Swedish Executive Womens Network. This initiative reinforces ABB 蹤獲弝けs commitment to empowering Saudi female talents through cross-cultural collaboration within the Kingdom and beyond.

The program is a structured initiative designed to accelerate the professional career growth of ABB 蹤獲弝けs female employees by connecting them with experienced mentors from both 蹤獲弝け and Sweden. Through monthly one-on-one virtual sessions, group mentoring, shadowing opportunities, and real-world business challenges, mentees will gain leadership insights, strategic guidance, and career development support.

Targeting both early-career professionals and high-potential Saudi female employees at ABB 蹤獲弝け, the mentorship initiative will strengthen leadership pipelines and support 蹤獲弝けs Vision 2030 goals for increasing Saudi female participation in the workforce.

This mentorship program reflects ABB 蹤獲弝けs belief in the power of collaboration and shared success, said Ali Al-Koud, country HR manager, ABB 蹤獲弝け. By empowering our Saudi female talents and facilitating knowledge exchange with our Swedish partners, we are not only investing in individual careers but also in the future of industry and innovation in the Kingdom.

We are proud to partner with ABB 蹤獲弝け on this impactful initiative. It is a true model for global cooperation and womens empowerment, said Katie Hagstr繹m, director of the Saudi-Swedish Executive Womens Network, and Mentorship Program Lead. 

By linking talented Saudi women with experienced professionals from the Kingdom and Sweden, we are building bridges of opportunity, knowledge, and mutual growth.

The program structure includes regular virtual mentorship sessions, cross-cultural networking, and a graduation ceremony recognizing outstanding achievements. Participating mentors will guide mentees through personalized development journeys, providing both strategic counsel and practical experience.

As a recognized technology leader in electrification and automation, ABB 蹤獲弝け continues to reinforce its reputation as an employer of choice for women. This program stands as a tangible expression of ABBs values courage, care, curiosity, and collaboration and a powerful step toward a more inclusive and diverse industrial future.

The Saudi-Swedish Executive Womens Network is a professional network for women in 蹤獲弝け and Sweden. The network exists to strengthen the commerce and communal ties between the two countries, with a focus on promoting women in entrepreneurship, board governance, and stakeholder engagement in their respective business communities and in the global market. It achieves its network mission by building direct relationships between individuals.


Blacklane, Lucid partner to boost sustainable mobility in Kingdom

Blacklane, Lucid partner to boost sustainable mobility in Kingdom
Updated 10 June 2025

Blacklane, Lucid partner to boost sustainable mobility in Kingdom

Blacklane, Lucid partner to boost sustainable mobility in Kingdom

Blacklane, a global chauffeur service, and Lucid Group, maker of advanced electric vehicles, have announced a strategic partnership to expand sustainable, premium transportation solutions across 蹤獲弝け.

Through this collaboration, Lucids vehicle lineup will be integrated into Blacklanes chauffeur service platform across the Kingdom. The partnership will support Blacklane on its trajectory to double operations in the region by the end of 2025, including significantly expanding services in key cities like Riyadh and Jeddah.

The agreement represents Blacklanes most ambitious initiative to date, aimed at expanding a robust network of electric vehicle options within the regions mobility sector, and furthers Lucids ongoing efforts to provide more opportunities to experience its advanced electric vehicles in the region. To further support this effort, Lucid and Blacklane will also work together to support the rollout of EV charging infrastructure in the region.

Our relationship with Lucid marks a significant step forward in our global mission to deliver high-end, sustainable and scalable mobility solutions and a key milestone to further electrifying the Kingdom, said Dr. Jens Wohltorf, CEO and co-founder of Blacklane. Together we are investing to set new industry standards and are proud to be part of a thriving and innovative business culture in the Kingdom of 蹤獲弝け, fostered by Vision 2030.

Partnering with Blacklane reflects our strong commitment to pioneering the future of mobility in the Kingdom of 蹤獲弝け, said Faisal Sultan, president, Middle East at Lucid. Through this partnership, Blacklane guests will now have access to the Lucid lineup, including the award-winning Lucid Air sedan and the new Lucid Gravity SUV, offering superior range, elevated comfort, and extensive room for guests and all their luggage.

The Lucid Air sedan will be available to Blacklane guests immediately. The Lucid Gravity SUV will be added later this year as the rollout of the new SUV intensifies.


Partnerships, strategic deals drive next era of Saudi entertainment

Partnerships, strategic deals drive next era of Saudi entertainment
Updated 10 June 2025

Partnerships, strategic deals drive next era of Saudi entertainment

Partnerships, strategic deals drive next era of Saudi entertainment

Momentum built over three days at the SEA Expo 2025, held from May 20-22 in Riyadh, as partnerships progressed, discussions deepened, and the regions entertainment priorities commanded the program for the day.

Now in its seventh edition, the Saudi Entertainment and Amusement Expo has proven itself as a strategic anchor for the global entertainment business. With participation from 36 countries including 蹤獲弝け, the UK, the US, Germany, and the UAE the SEA Expo continues to attract the industrys decision-makers as they look to tap into 蹤獲弝けs fast-expanding leisure and attractions market.

SEA Expo provides direct access to trade intelligence, partnership opportunities, and practical insights. At the center of SEA Expo is the SEA Summit, which has the generous support of leading sponsors BAAN Holding, Al-Othaim, RWS Global, Storyland Studios, RC Almana, and TAIT. In this focused arena, this years sessions explored immersive technology, artificial intelligence, esports, and the design of sustainable, future-ready entertainment destinations.

Further to this, a key highlight of the summit was the compelling opening keynote panel, Partnership in Practice: Building Saudis Next Entertainment Hubs, where public and private sector leaders explored how new investments shape the physical and creative landscape of 蹤獲弝けs next-generation venues. The strength of SEA Expo 2025 is reflected in its industry backing, with sponsors invested in realizing the regions entertainment ambitions.

The show days also saw the signing of several significant agreements that will strengthen the countrys entertainment infrastructure, including:

Mack Rides, SPARKS, and Fawasel are finalizing an exclusive sales agreement that will enable the delivery of advanced amusement rides across the Kingdom.

INFINIA and BLOCKS signed a memorandum of understanding to co-develop digital theming, smart experiences and immersive design for public and private environments.

These partnerships reflect the sectors continued movement toward tailored, high-impact solutions and long-term project development, bringing both international expertise and local insight into alignment.

Sarkis Kahwajian, associate vice president at dmg events, said: SEA Expo is an important working platform, and it continues to deliver on its purpose: bringing together the right people to move from vision to implementation. The outcomes were seeing here will define the next phase of growth.

Co-located with the Saudi Light and Sound Expo, SEA Expo is supported by the Kingdoms General Entertainment Authority and the Ministry of Investment of 蹤獲弝け, indicative of its direct alignment with the Kingdoms Vision 2030 objectives building a globally competitive entertainment sector, expanding employment opportunities and diversifying the economy through leisure and tourism.