Latest news with #SaudiBinladinGroup
Syyaha
13-05-2025
- Business
- Syyaha
Samsung Electronics Saudi Arabia to Transform King Fahd International Stadium with State-of-the-Art LED Display Solutions
Samsung Electronics Saudi Arabia proudly announces its selection to provide cutting-edge LED display solutions to enhance the iconic King Fahd International Stadium in Riyadh. This initiative is part of a comprehensive redevelopment program across the Kingdom, gearing up for the AFC Asian Cup Finals in 2027 and the FIFA World Cup 2034. The stadium's renovation is spearheaded by Saudi Binladin Group (SBG), a leading Saudi-owned construction firm, under a broader initiative aimed at transforming major sports. Samsung's next-generation LED technologies are set to deliver an unparalleled fan experience, redefining engagement within the stadium. Samsung's contribution includes large-format LED displays designed to enrich live sports and entertainment events with dynamic, high-resolution visuals. This project marks a collaborative effort with joint venture system integrators Bigabox Productions and Colour Sound Experiment, both renowned for their expertise in delivering immersive audio-visual experiences for large-scale venues. 'Samsung is honored to be part of this transformative journey,' said Mr. Hendrick Lee, the president of Samsung Electronics Saudi Arabia. 'Through our innovative display technologies and partnership with Saudi Binladin Group, Bigabox Productions, and Colour Sound Experiment, we aim to create unforgettable experiences for fans at the newly renovated King Fahd Stadium, while contributing to the future of sports and live events throughout Saudi Arabia.' 'We are incredibly proud to be awarded the contract to deliver and install LED solutions at King Fahad Stadium' Said Dean Grave the Managing Director of Bigabox, added 'In partnership with Colour Sound. This iconic project marks a major milestone, and we're especially excited to be working with Samsung — a global leader in LED technology. Samsung's innovation, quality, and unwavering support have been instrumental to the success of this collaboration, and we look forward to delivering a world-class experience and global aspirations.' The collaboration underscores Samsung's ongoing commitment to support facilitating digital transformation across key infrastructure and entertainment venues in the Kingdom. Working closely with SBG, local partners, and key stakeholders, Samsung is poised to deliver a project that is anticipated to set a new regional standard for innovation in stadium audio-visual solutions.
Zawya
25-04-2025
- Business
- Zawya
Saudi Awwal Bank signs $533mln credit facility with Saudi Binladin Group for King Fahd Sports City
Saudi Arabia - Saudi Awwal Bank (SAB), one of the leading banks in Saudi Arabia, has signed SR2 billion credit facility agreement with the Saudi Binladin Group, a subsidiary of Binladin International Holding Group, to finance the development of King Fahd Sports City in Riyadh. The agreement was formalized during an official signing ceremony held at SAB Tower in Riyadh. The event underscored the strategic importance of this collaboration in delivering large-scale infrastructure aligned with national goals. The partnership aims to enhance the Binladin Group's financial capacity to execute major projects that meet international standards. It also reflects SAB's commitment to supporting the Kingdom's construction sector and contributing to Vision 2030 by financing transformative development initiatives. Saudi Awwal Bank is one of the largest banks in the Kingdom and traces its origins in Saudi Arabia to more than 90 years, during which time it has been an active partner supporting the Kingdom's economic growth and social development. SAB is one of the leading corporate and institutional international banks in the Kingdom, with a top Wealth & Personal Banking proposition. SAB is also a leader in Saudi Arabia and the region in trade finance, foreign exchange, debt wholesale banking, digital service innovation, and ESG, paving the way for transformation and excellence. SAB offers integrated financial and banking services, including corporate banking, investment, private banking, and treasury. SAB's paid-up capital is SR20.5 billion, after the legal merger with Alawwal Bank on 14th March 2021, when it was legally known as the Saudi British Bank (SABB). Saudi Awwal Bank is a licensed financial institution operating under the supervision of and regulated by the Saudi Central Bank and a partner of the HSBC Group. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Saudi Gazette
24-04-2025
- Business
- Saudi Gazette
Saudi Awwal Bank signs SR2 billion credit facility with Saudi Binladin Group to propel development of King Fahd Sports City in Riyadh
Saudi Awwal Bank (SAB), one of the leading banks in Saudi Arabia, has signed SR2 billion credit facility agreement with the Saudi Binladin Group, a subsidiary of Binladin International Holding Group, to finance the development of King Fahd Sports City in Riyadh. The agreement was formalized during an official signing ceremony held at SAB Tower in Riyadh. The event underscored the strategic importance of this collaboration in delivering large-scale infrastructure aligned with national goals. The partnership aims to enhance the Binladin Group's financial capacity to execute major projects that meet international standards. It also reflects SAB's commitment to supporting the Kingdom's construction sector and contributing to Vision 2030 by financing transformative development initiatives. Saudi Awwal Bank is one of the largest banks in the Kingdom and traces its origins in Saudi Arabia to more than 90 years, during which time it has been an active partner supporting the Kingdom's economic growth and social development. SAB is one of the leading corporate and institutional international banks in the Kingdom, with a top Wealth & Personal Banking proposition. SAB is also a leader in Saudi Arabia and the region in trade finance, foreign exchange, debt wholesale banking, digital service innovation, and ESG, paving the way for transformation and excellence. SAB offers integrated financial and banking services, including corporate banking, investment, private banking, and treasury. SAB's paid-up capital is SR20.5 billion, after the legal merger with Alawwal Bank on 14th March 2021, when it was legally known as the Saudi British Bank (SABB). Saudi Awwal Bank is a licensed financial institution operating under the supervision of and regulated by the Saudi Central Bank and a partner of the HSBC Group.
