Latest news with #SultanAl-Hamidi
Yahoo
04-06-2025
- Business
- Yahoo
SOCIAL DEVELOPMENT BANK (SDB) WINS BEST AI TRANSFORMATION BANKING INITIATIVE AT THE GLOBAL BRAND AWARDS 2025
LONDON, June 4, 2025 /PRNewswire/ -- Social Development Bank (SDB), a leading bank, has been recognised as the "Best AI Transformation Banking Initiative, Saudi Arabia, 2025", by Global Brands Magazine (GBM) at the Global Brand Awards. This recognition reflects SDB' s commitment to providing innovative features and enhanced customer experience. The Global Brand Awards recognise outstanding achievements across various industries worldwide. Social Development Bank received this award for its continued efforts in delivering innovative banking features, enhancing operational efficiency, and fostering workforce development and adoption of advanced technologies. Jay Reddy, CEO of Global Brands Magazine, commented, "We are delighted to present the Social Development Bank with the Best AI Transformation Banking Initiative award. SDB's innovative application of AI to advance financial inclusion and empower communities sets a remarkable standard for the banking industry. Congratulations to SDB for this outstanding accomplishment! " Sultan Al-Hamidi, CEO of Social Development Bank, said, "At the Social Development Bank, our mission is to empower every segment of society through inclusive financial and non-financial services. Our journey is guided by core values: earning trust, enabling growth, embracing responsibility, and driving innovation. Being recognised for our AI transformation is a proud moment that reflects the strategic path we have chosen. This award highlights our commitment to digital transformation and adopting bold, technology-driven solutions. As we continue to accelerate digitisation across our services, we aim to maximise impact, improve efficiency, and better serve our communities." ABOUT SOCIAL DEVELOPMENT BANK The Social Development Bank (SDB) is one of the largest development banks in the region. Since its establishment in 1971, it has played a pivotal and enduring role in the social and economic development of the Kingdom of Saudi Arabia. As a key enabler of the National Transformation Program and the Financial Sector Development Program, the bank began with an initial capital of SAR 5 million and has since grown into a cornerstone of the Kingdom's development finance ecosystem. Today, it manages a capital base exceeding SAR 45 billion. Over more than 53 years, SDB has disbursed upwards of SAR 162 billion, supporting over 10 million citizens through innovative, sustainable, and Sharia-compliant financing models. With a network of 26 branches and nationwide digital platforms, the bank offers a wide range of financial and non-financial services to individuals, freelancers, and micro and small enterprises. ABOUT GLOBAL BRANDS MAGAZINE (ENGLAND) Global Brands Magazine (GBM) is one of the largest brands publications in the world, leading the way in delivering insights, news, and opinions on brands shaping the future of their industries. Based in the UK, the magazine keeps readers informed about 'best-in-class' brands worldwide. Each year, GBM recognizes companies that demonstrate innovation, exceptional service, and consumer-focused solutions in their respective industries. With over 8.4 million annual visitors, and 14 million page views, GBM is the world's premier Brand magazine. The magazine also boasts a robust social media presence, engagement including 35k+ Facebook followers, 20k+ Instagram followers, 25k+ X followers, and 4k+ LinkedIn followers. ABOUT THE GLOBAL BRAND AWARDS The Global Brand Awards celebrate excellence in brand performance, recognising companies and organisations that excel in quality, innovation, and customer-centric services across various sectors, including finance, education, hospitality, technology, and more. More than 10,000 companies were evaluated in 2024 for the Global Brand Awards. The Global Brand Awards events were held at some of the most iconic properties in the world, including The Address Downtown, Waldorf Astoria, Emperors Palace, JW Marriott Marquis, Galaxy Macau, The Athenee Hotel, to name a few. The next awards ceremony will take place on the 13th of June 2025 at the Grand Hyatt in Dubai, United Arab Emirates. For a complete list of the winners of the Global Brand Awards, please visit: To nominate your company or leader for the Global Brand Awards 2025, visit: Logo - View original content to download multimedia: SOURCE Global Brands Magazine Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-06-2025
- Business
- Yahoo
SOCIAL DEVELOPMENT BANK (SDB) WINS BEST AI TRANSFORMATION BANKING INITIATIVE AT THE GLOBAL BRAND AWARDS 2025
LONDON, June 4, 2025 /PRNewswire/ -- Social Development Bank (SDB), a leading bank, has been recognised as the "Best AI Transformation Banking Initiative, Saudi Arabia, 2025", by Global Brands Magazine (GBM) at the Global Brand Awards. This recognition reflects SDB' s commitment to providing innovative features and enhanced customer experience. The Global Brand Awards recognise outstanding achievements across various industries worldwide. Social Development Bank received this award for its continued efforts in delivering innovative banking features, enhancing operational efficiency, and fostering workforce development and adoption of advanced technologies. Jay Reddy, CEO of Global Brands Magazine, commented, "We are delighted to present the Social Development Bank with the Best AI Transformation Banking Initiative award. SDB's innovative application of AI to advance financial inclusion and empower communities sets a remarkable standard for the banking industry. Congratulations to SDB for this outstanding accomplishment! " Sultan Al-Hamidi, CEO of Social Development Bank, said, "At the Social Development Bank, our mission is to empower every segment of society through inclusive financial and non-financial services. Our journey is guided by core values: earning trust, enabling growth, embracing responsibility, and driving innovation. Being recognised for our AI transformation is a proud moment that reflects the strategic path we have chosen. This award highlights our commitment to digital transformation and adopting bold, technology-driven solutions. As we continue to accelerate digitisation across our services, we aim to maximise impact, improve efficiency, and better serve our communities." ABOUT SOCIAL DEVELOPMENT BANK The Social Development Bank (SDB) is one of the largest development banks in the region. Since its establishment in 1971, it has played a pivotal and enduring role in the social and economic development of the Kingdom of Saudi Arabia. As a key enabler of the National Transformation Program and the Financial Sector Development Program, the bank began with an initial capital of SAR 5 million and has since grown into a cornerstone of the Kingdom's development finance ecosystem. Today, it manages a capital base exceeding SAR 45 billion. Over more than 53 years, SDB has disbursed upwards of SAR 162 billion, supporting over 10 million citizens through innovative, sustainable, and Sharia-compliant financing models. With a network of 26 branches and nationwide digital platforms, the bank offers a wide range of financial and non-financial services to individuals, freelancers, and micro and small enterprises. ABOUT GLOBAL BRANDS MAGAZINE (ENGLAND) Global Brands Magazine (GBM) is one of the largest brands publications in the world, leading the way in delivering insights, news, and opinions on brands shaping the future of their industries. Based in the UK, the magazine keeps readers informed about 'best-in-class' brands worldwide. Each year, GBM recognizes companies that demonstrate innovation, exceptional service, and consumer-focused solutions in their respective industries. With over 8.4 million annual visitors, and 14 million page views, GBM is the world's premier Brand magazine. The magazine also boasts a robust social media presence, engagement including 35k+ Facebook followers, 20k+ Instagram followers, 25k+ X followers, and 4k+ LinkedIn followers. ABOUT THE GLOBAL BRAND AWARDS The Global Brand Awards celebrate excellence in brand performance, recognising companies and organisations that excel in quality, innovation, and customer-centric services across various sectors, including finance, education, hospitality, technology, and more. More than 10,000 companies were evaluated in 2024 for the Global Brand Awards. The Global Brand Awards events were held at some of the most iconic properties in the world, including The Address Downtown, Waldorf Astoria, Emperors Palace, JW Marriott Marquis, Galaxy Macau, The Athenee Hotel, to name a few. The next awards ceremony will take place on the 13th of June 2025 at the Grand Hyatt in Dubai, United Arab Emirates. For a complete list of the winners of the Global Brand Awards, please visit: To nominate your company or leader for the Global Brand Awards 2025, visit: Logo - View original content to download multimedia: SOURCE Global Brands Magazine Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Arab News
05-02-2025
- Business
- Arab News
SDB hosts training camp for productive families
The Social Development Bank has successfully concluded an initiative to empower productive families in the culinary sector. The 'Almarai Chefs' camp was organized in partnership between SDB — represented by the Dulani Business Center — and Almarai, and ran for five months in Riyadh, supporting 43 participants through 12 expert speakers and 14 specialized consultants. The program provided intensive training and knowledge-building sessions to equip participants with essential marketing and financial skills, enabling them to establish competitive projects in the Saudi market. It also included more than 215 specialized consultations, the development of brand identities for participating businesses, and educational field visits to explore best industrial practices and emerging trends in the culinary industry. Sultan Al-Hamidi, CEO of SDB, said: 'The Almarai Chefs camp exemplifies the effective partnership between the public and private sectors, forming a comprehensive ecosystem to build the capacities of productive families and enable them to develop and manage entrepreneurial ventures. This initiative aligns with SDB's efforts to bridge the gap toward entrepreneurship by providing innovative financial solutions and comprehensive empowerment services, thereby enhancing the sustainability of projects and contributing to a dynamic and diversified economy.' Al-Hamidi added: 'SDB takes pride in having provided over SR2.8 billion ($746.5 million) in financing during 2024 to support more than 76,000 productive families and freelancers across the Kingdom. We also focus on delivering non-financial support, such as training and advisory services, to enhance the capabilities of productive families, enabling them to achieve financial independence and successfully enter the labor market.' Abdullah Al-Badr, CEO of Almarai, said: 'Our partnership with the Social Development Bank has yielded a tangible impact in empowering productive families. The Almarai Chefs camp was centered on fostering innovation in the culinary field, enabling small businesses to achieve growth and sustainability in line with market demands. Additionally, it provided necessary training and facilitated access to sales channels, exhibitions, and events, as well as digital applications, helping these projects expand their reach and create new job opportunities.' SDB is considered a leading institution in empowering productive families and facilitating their transition into entrepreneurship, with the goal of supporting local communities, contributing effectively to the national economy, and achieving sustainable development.
Arab News
04-02-2025
- Business
- Arab News
Social Development Bank, Jahez Group back startups with SR10m fund
Saudi Arabia's Social Development Bank successfully concluded a training camp for the Jahez Social Responsibility Portfolio, which took place over five days at the Dulani Business Center in Riyadh. The camp resulted in supporting 20 entrepreneurial projects with a total financing of SR10 million ($2.7 million) and a funding ceiling of SR500,000 per project, drawn from the overall SR30 million value of the Jahez Social Responsibility Portfolio. SDB managed the portfolio by conducting feasibility studies, disbursing funds, and overseeing project progress to ensure their long-term sustainability. This integrated model is designed to empower entrepreneurs and foster a thriving startup ecosystem. Throughout the camp, participants received extensive training in essential business skills, including economic feasibility studies and investment proposal presentations, equipping them with the knowledge and confidence needed to successfully enter the market. The initiative is part of a strategic partnership with Jahez, to strengthen public-private sector collaboration, drive sustainable development, and empower entrepreneurs in the fast-growing logistics sector. Sultan Al-Hamidi, CEO of SDB, said: 'The Jahez Social Responsibility Portfolio is not merely a financing tool but a comprehensive development framework aimed at fostering innovation and entrepreneurship among Saudi youth. Through our management of this portfolio, we are committed to creating a lasting economic impact, generating real opportunities for ambitious entrepreneurs. The Jahez camp was a bright beginning to a journey of contribution and accomplishments, where each supported project contributes to building a sustainable economy and a brighter future.' Ghassab Al-Mandeel, CEO of Jahez Group, said: 'Our partnership with SDB embodies our dedication to empowering entrepreneurs by providing them with the necessary financial and operational support. This initiative aims to accelerate the growth of the logistics sector as a key driver of the national economy, while fostering innovation through pioneering projects aligned with Saudi Vision 2030. Each training phase within the camp has been a crucial step toward turning promising ideas into viable, sustainable businesses.' SDB launched a pioneering social responsibility portfolio, offering a structured framework for companies to effectively contribute to community development and sustainable growth. Jahez was the first partner in this initiative, committing an initial SR30 million to the portfolio.
