logo
Flynas Pioneers Groundbreaking Disability Recruitment Initiative

Flynas Pioneers Groundbreaking Disability Recruitment Initiative

Leaders12-03-2025
Saudi Airline Flynas launched a groundbreaking initiative to recruit people with disabilities across operational roles, partnering with the Authority for the Care of People with Disabilities (APD). This effort aligns with Saudi Vision 2030's goals for social inclusion and economic empowerment.
The airline collaborated with APD to design tailored recruitment frameworks, ensuring equal opportunities in customer service, logistics, and administrative roles. Flynas CEO Bander Almohanna emphasized, 'This initiative reflects our commitment to building a diverse workforce that mirrors Saudi society's values.' Building an Accessible Workplace
Flynas redesigned workspaces to include wheelchair-friendly pathways, visual aids, and assistive technologies. The airline also implemented flexible scheduling to accommodate employees' unique needs, fostering an inclusive environment.
Employees completed workshops on disability etiquette, including sign language for cabin crews and autism awareness programs. APD experts led sessions on effective communication strategies, ensuring seamless interactions with passengers and colleagues. Aligning with National Vision
This initiative supports Saudi Arabia's Vision 2030 objectives to boost disability employment rates by 25% in key sectors. APD praised Flynas for setting a regional benchmark, urging other businesses to follow suit.
As the first Saudi airline to adopt such measures, Flynas aims to inspire industry-wide change. The initiative underscores the carrier's focus on sustainable social impact, reinforcing its leadership in corporate responsibility.
Flynas plans to expand training partnerships and introduce mentorship programs for new hires. The airline will also track initiative outcomes through annual impact reports, ensuring continuous improvement.
By prioritizing inclusivity, Flynas strengthens its brand reputation while advancing national progress—a win for both business and society.
Short link :
Post Views: 1
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

SAMA's report signals economic resilience and financial strength
SAMA's report signals economic resilience and financial strength

Arab News

time2 hours ago

  • Arab News

SAMA's report signals economic resilience and financial strength

The Saudi Central Bank or SAMA released its monthly statistical bulletin for June 2025, offering vital insights into the Kingdom's financial health, banking sector performance, and key macroeconomic indicators. The report highlighted the continued stability of the banking sector and the expansion of electronic payments, aligning with the goals of Saudi Vision 2030. As of June 2025, SAMA maintained a solid financial standing, with total assets rising to SR1.96 trillion ($522 billion), compared to SR1.89 trillion ($505 billion) a year earlier, representing an increase 3.3 percent year-on-year growth. Money Supply (M3) surged from SR2.90 trillion ($773 billion) in June 2024 to SR3.1 trillion ($832 billion) in June 2025, representing an increase of 8 percent. The increase is driven by credit growth and economic activity. Reserve assets stood at approximately SR 1.72 trillion ($457.7 billion) in June 2025, reflecting a 2.2 percent decline from SR 1.75 trillion ($467.8 billion) in June 2024. In June 2025, total banking assets in Saudi Arabia reached SR 4.8 trillion ($1.3 trillion), reflecting robust growth compared to the same period of the previous year. However, deposit growth lagged credit expansion, as reflected in the increase of the loan to deposit ratio to 81.63 percent compared to 79.29 percent in the same period of the previous year. This prompted banks to diversify their funding sources through increased bond issuances and external borrowings. Despite these pressures on funding, lending activity remained strong, with claims on the private sector reaching approximately SR 3.1 trillion ($815.3 billion). Mortgages continued their steady rise, reaching SR 922 billion ($246 billion), further supporting key housing development initiatives. The banking sector sustained robust capital adequacy ratios, well above regulatory thresholds, with reserve buffers remaining healthy. Profitability also strengthened, as aggregate net income (before Zakat and taxes) rose to SR51 billion ($13.6 billion) in June 2025, up from SR 42.5 billion ($11.3 billion) a year earlier—an increase of approximately 20 percent year-on-year. Credit facilities extended to SMEs reached SR383.2 billion ($102.2 billion) in Q1 2025, reflecting a 30.6 percent year-on-year increase. As Vision 2030 initiatives accelerate, SAMA's data underscores a stable and resilient financial foundation capable of supporting long-term economic diversification and development. Talat Zaki Hafiz Financial soundness indicators of the sector as of Q1 2025 continued to reflect the strength of the banking sector, with the regulatory capital-to-risk-weighted assets ratio at a robust 19.2 percent - well above the minimum thresholds set by Basel. Electronic payments continued to gain strong momentum in June 2025, reflecting growing consumer adoption and ongoing digital transformation in the Kingdom's financial sector. The number of point-of-sale terminals rose to 2.1 million, up from 1.8 million in June 2024, indicating broader merchant acceptance. Concurrently, POS sales reached SR54 billion ($14.4 billion), while the number of transactions surged to 919 million — demonstrating increased usage, efficiency, and trust in digital payment channels. E-commerce transactions using Mada cards recorded strong growth in June 2025 compared to the same period last year, with total sales reaching approximately SR26 billion ($6.9 billion). The number of transactions also increased significantly to 141.6 million, up from 88.8 million in June 2024 — reflecting rising consumer reliance on digital payment channels for online purchases. The average monthly average of market interest rate benchmark (3-month SAIBOR declined to 5.4805 percent in June 2025, down from 6.2675 percent a year earlier, reflecting easing liquidity conditions. Similarly, the Repo and Reverse Repo rates were reduced to 5.0 percent and 4.5 percent, respectively, indicating a more accommodative monetary policy stance. In conclusion, the June 2025 bulletin highlights the continued strength of SAMA's financial position and the resilience of the banking sector. This performance reflects the prudence of SAMA's regulatory oversight and the competence of bank management in navigating evolving global and domestic dynamics. As Vision 2030 initiatives accelerate, SAMA's data underscores a stable and resilient financial foundation capable of supporting long-term economic diversification and development. The banking sector's strong asset growth, robust capital and liquidity buffers, and expanding private sector credit highlight its pivotal role in advancing the Kingdom's economic transformation. Overall, the banking sector's strong asset growth, sound capital and liquidity positions, and continued expansion in private sector lending reinforce its critical role in supporting the Kingdom's economic progress. The bulletin successfully highlighted the continued momentum in supporting SME growth and enhancing their access to financing, as part of broader efforts toward economic diversification. It also successfully highlighted the growth in electronic transactions in line with Saudi Vision 2030, which aims to transition Saudi society to a non-cash economy by 2030. This progress is reflected in achieving a 79 percent increase last year of electronic transactions, surpassing the original target of 70 percent set for 2030. • Talat Zaki Hafiz is an economist and financial analyst. X:@TalatHafiz

Tarshid Launches Solar Panel Project at Institute of Public Administration in Riyadh
Tarshid Launches Solar Panel Project at Institute of Public Administration in Riyadh

Leaders

time10 hours ago

  • Leaders

Tarshid Launches Solar Panel Project at Institute of Public Administration in Riyadh

The National Energy Services Company (Tarshid), in collaboration with the Institute of Public Administration in Riyadh, has launched a major solar panel installation initiative. This project involves equipping the institute's buildings and facilities with rooftop solar systems to enhance energy efficiency and reduce electricity consumption. The initiative is designed to generate clean, renewable energy on-site, aligning with international sustainability standards and best practices. Technical Assessment According to Waled Abdullah Al-Ghreri, Board Member and CEO of Tarshid, the project began with in-depth field surveys and technical evaluations to assess energy performance across the institute. The findings guided the implementation of rooftop solar systems as a strategic solution for energy optimization. Moreover, the total installed capacity of these systems is 682 kilowatts, expected to generate around one million kilowatt-hours annually for internal consumption. Tarshid, Energy Impact The project is set to reduce the institute's annual electricity consumption from 25.5 million kWh to 24.4 million kWh. Additionally, this reduction translates into environmental benefits equivalent to saving over 1,700 barrels of oil and avoiding about 600 metric tons of carbon emissions per year. These savings are comparable to planting more than 10,000 tree seedlings annually. National Sustainability Goals Through this initiative, Tarshid reinforces its commitment to supporting Saudi Arabia's Vision 2030 and the Kingdom's broader sustainability objectives. The project not only contributes to cleaner energy production but also plays a key role in national efforts to achieve long-term energy savings and reduce carbon emissions. Related Topics: Tarshid Launches Energy Efficiency Project at Al-Jouf Hospital, Targeting 22% Savings Al-Shuaiba Solar Energy Project: Symbol of Achievement, Development Breathtaking Scenery, Communications Disruption: Solar Storm Hits Earth-Photos SAMA Grants License to Tamara Finance for Consumer Finance, BNPL Services Short link : Post Views: 32

Cenomi Centers: Westfield branches in Jeddah, Riyadh to raise 2026 EBITDA by SAR 650M
Cenomi Centers: Westfield branches in Jeddah, Riyadh to raise 2026 EBITDA by SAR 650M

Argaam

time10 hours ago

  • Argaam

Cenomi Centers: Westfield branches in Jeddah, Riyadh to raise 2026 EBITDA by SAR 650M

Alison Rehill Erguven, CEO of Arabian Centres Co. (Cenomi Centers), said the financial impact of the Westfield Jeddah and Riyadh projects is expected to boost EBITDA by 40%, or SAR 650 million. Through its partnership with Unibail-Rodamco-Westfield (URW), Cenomi Centers will develop six malls, of which Westfield Jeddah and Westfield Riyadh will be opened by 2025-end and by Q2 2026, respectively. In an interview with Asharq Business, Erguven said the relevant financial impact is expected to show in 2026 once both malls are up and running. Regarding the completion of Cenomi Centers' program to sell non-core assets at an estimated market value of around SAR 2 billion, the CEO added that the company will exit the remaining assets worth SAR 900 million in the second half of 2025. Most of these are land plots located in Al-Qassim. In May, Cenomi Centers signed an exclusive 10-year strategic partnership and franchise agreement with URW, under which the former obtains exclusive licensing rights for the Westfield brand in Saudi Arabia, Argaam earlier reported. Cenomi Centers' net profit rose to SAR 688.8 million in H1 2025, compared to SAR 531.5 million during the same period in 2024, while the second-quarter profit reached SAR 471.8 million.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store