2016 Partners
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In Association With
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The Institute of Finance
In association with
The Institute of Finance was first established by the Saudi Arabian Monetary Agency in 1964 under the name of "Institute of Banking Training" At that time, the institute provided only conventional academic education, where the trainees, who were banking sector employees, were granted, after successfully passing the courses, a diploma in banking and financial studies. With the acceleration of the development of the banking business and the increasing introduction of advanced technologies in the banking sector, it became essential to change the Institute's goals and strategies to respond to such changes and to cope with the expectations of the leaders of the banking and financial sectors.
In 1989, SAMA established the present institute under the new name of "The Institute of Banking". In 2015, the Institute of Banking has changed its name to the "Institute of Finance" with a new mission.
Mission
- Develop professionals in financial sector by setting competency standards, awarding certifications, and providing high-quality solutions to develop professional capabilities.
Objectives
- To be the institute for setting competency standards and certification programs for professionals in the financial sector.
- To work along with training and educational providers to develop their capabilities to provide the best knowledge solutions for the financial sector.
- To bring together global best-in-class training institutions to provide exceptional training to the financial sector.
- To bridge knowledge gaps in the financial sector through specialized seminars and conferences.
- To be a pioneer in developing the talent pool of financial regulators.
The Institute of Finance
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Platinum Partners
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Banque Saudi Fransi
Platinum Partner
Global Partnership
The Bank is affiliated with Credit Agricole Corporate and Investment Bank that holds an equity interest of 31.1%. Credit Agricole CIB is a fully-fledged member of the Crédit Agricole Group, the second largest bank in France, and seventh amongst banks of the Euroland by total equity. As of April 2014, the Bank has a capital strength of 12,053,571,670 SR.
Objectives
Our objective is to provide all types of commercial banking services to both domestic and international customers. BSF aims at creating a long term and personalized partnership with all its customers, gaining loyalty through recognized banking expertise, quality of service, as well as innovative and customized financial solutions.
Extensive Network
Our Head office is located in Riyadh and we have three (3) Regional Offices in Jeddah, Al-Riyadh and Al-Khobar.
- 83 full-fledged Branches, 18 Ladies Sections
- Total ATM network is 455 including Cash Acceptance Machines
- Total POS grew to 14,091
As of 31st December 2015 the number of employees reached 2,903 social responsibility
As a corporate citizen, the Bank supports the tireless efforts of the Saudi government in the economic reform programs and developmental efforts to strengthen the economy and promote the welfare of the community. As part of the memorandum of agreement between the Bank and the Ministry of Social Affairs, Banque Saudi Fransi supports the programs and activities of the Ministry to unify the efforts made by various charitable organizations, assists them with the Bank’s various donations and participate in media campaigns aimed at social awareness. The memorandum also aims at exchanging ideas on charity works, and build bridges of cooperation between the private and public sectors.
Steady Growth
Over the years, BSF has demonstrated a sustainable pattern of growth that has established its current financial strength and leadership in the Saudi market, positioned the Bank as a modern and dynamic institution fully geared to meet the challenges of the future. In the area of Islamic banking services, Banque Saudi Fransi had made considerable improvement in the development of products and services including enhancements of our branches to comply with the provisions of Islamic Sharia and to provide alternative products available to companies and individuals including investment and Global Markets services. Banque Saudi Fransi plays a leading role in the provision of these services aside from leasing and participation in Tawarruq for corporate clients.
Profits
Banque Saudi Fransi has announced its financial results for the full year 2015 recording a net income of SR 4,036 Million. The earnings per share establish at SR 3.35 for the full year 2015.
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Platinum Partners
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Samba
Platinum Partner
Samba, a leading financial services group in the Middle East, was established in 1980 in the Kingdom of Saudi Arabia, and provides world class services to private, corporate and institutional customers in Saudi Arabia, the UK, the UAE, Pakistan and Qatar. A market leader in retail banking, customized private banking, wealth management and corporate services, Samba has built long-standing relationships with a wide range of clients. The Bank’s world class corporate offerings include financing for Small to Medium Enterprises, public sector and financial institutions, global transaction services, and treasury operations.
Samba was the first Bank to offer Priority Banking (Gold and Diamond), Phone Banking, Credit Shield, Saving Linked Insurance, and Cash Deposit through ATMs, Speed Cash Remittance Service and Automated Signature Verification. It was also the first bank to establish a dedicated Investment Department, introduced the first local equity fund and the first fund, (SAIF), open to overseas investors and listed on the London Security Exchange.
Also Samba has a long history of effective social participation which stems from its belief in the need for community involvement in its successes. Samba believes that social involvement enhances the prosperity and economic growth of individuals and communities, side-by-side with the growth of its business. With Samba’s considerable capital in talent and resources, and its reach and impact on people’s lives, Samba has the ability to be a formidable force for good and progress.
Samba has continued to help develop Saudi youth through a program designed to enhance their communication skills, self-expressions, work organization methods, their ability to develop documents and reports, task prioritization, teamwork, leadership, initiative and innovation, time management, and work technologies, such as the computer and its applications.
Samba has also supported studies and strategic research for the development of education, in line with the requirements of the labor market and the diversity of employment opportunities, taking into account the high state appropriations allocated for the education sector. Samba also continues to support small and medium enterprises so that they can create more jobs and support national economic growth. In addition, Samba introduced a program for families to help them control expenses and plan their family budget.
Every year, Samba supports charities, professional associations, cultural activities, civic causes, educational programs, healthcare initiatives, and much more.
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Diamond Partner
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Al Rajhi Bank
Diamond Partner
Founded in 1957, Al Rajhi Bank is one of the largest Islamic banks in the world with total assets of SR 307 billion (US$ 80 billion), a paid up capital of SR 16.25 billion (US$ 4.33 billion) and an employee base of over 9,600 associates. With over 58 years of experience in banking and trading activities, the various individual establishments under the Al Rajhi name were merged into the umbrella 'Al Rajhi trading and exchange corporation' in 1978 and it was in 1988 that the bank was established as a Saudi share holding company. Deeply rooted in Islamic banking principles, the Sharia compliant banking group is instrumental in bridging the gap between modern financial demands and intrinsic values, whilst spearheading numerous industry standards and development.
With an established base in Riyadh, Saudi Arabia, Al Rajhi Bank has a vast network of over 500 branches, over 118 dedicated ladies branches, more than 4,100 ATM's, 46,000 POS terminals installed with merchants and the largest customer base of any bank in the Kingdom, in addition to 170 remittance centers across the kingdom. The first men's branch was opened in Aldirah in 1957, with the first ladies branch being opened in AlShmaisi in 1979.
Our Customer Centric Approach
As one of the leading and most progressive banks in Saudi Arabia, Al Rajhi Bank recorded net income profits of SR 6,836 million in 2014. Al Rajhi Bank operates in multiple segments and continues to grow through diversification of income resources and development of the investment and corporate banking sectors which build on the strong retail banking base.
Al Rajhi Bank also continues to develop banking programs and projects with a focus on the latest electronic services and investment products in order to offer innovative banking and investment services, especially e-banking. At Al Rajhi Bank, we have achieved leadership through offering new electronic channels that answer customers’ needs and aspirations, simplifying their efforts whilst saving time. The Bank has also worked on numerous electronic governmental projects in collaboration with many official sectors.
Our ongoing commitment and focus on caring for our customers through the delivery of quality products and services has been recognized through the numerous awards obtained from independent institutions all over the world. The bank received several awards from Euromoney, Banker Magazine and The Asian Banker for achievements in retail and corporate banking.
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Strategic Partner
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Saudi British Bank
Strategic Partner
SABB was incorporated in 1978 as Joint Stock Company. HSBC Group, one of the world’s largest banking and financial services organizations owns 40% of SABB’s shares with the remaining 60% owned by individual and institutional shareholders in Saudi Arabia.
SABB operates through more than 101 branches and more than 900 ATMs in the Kingdom. It is a full financial services group providing services in the areas of Personal Banking, Corporate Banking, Investment Banking, Private Banking, Islamic Banking, Treasury Services, Equity Brokering and Custody, Mutual Funds, and Insurance.
SABB as a ‘Joined Up’ institution created specialized JVs and/or subsidiaries being, HSBC Saudi Arabia Limited, SABB Takaful and SABB Insurance Agency Limited.
A clear reflection of SABB’s profile in Saudi Arabia is the number of honours and awards received from international rating organisations and publications.
The Bank’s fully paid up capital is SAR 15 billion, total assets of SAR 187.8 billion and a net profit of SAR 4,331 million as at 31st December 2015.
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Gold Partner
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Saudi Hollandi Bank
Gold Partner
Saudi Hollandi Bank is the longest-established provider of financial products and services to the Kingdom’s leading companies, from the largest corporations to its fast-growing smaller enterprises. It is also building a strong reputation in the retail market for its support of individuals and families.
Over the past 90 years, the Bank has maintained a consistently strong capital base, reflected by its current A1 rating from Moody’s and A- from Fitch, and is among the top banks for its return on average equity and has reported strong earnings growth over the last five consecutive years.
SHB offers middle-sized corporates, large local companies, SME customers and individuals innovations in product and channel development, while incorporating a broader social engagement to the benefit of employees, customers and shareholders.
Additionally, from strong treasury investment portfolio management and skilful proprietary trading, to Shari’ah-compliant financing, securities and investment banking, SHB offers all of its customers access to award-winning expertise that helps them meet their financial goals.
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Gold Partner
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National Commercial Bank
Gold Partner
Founding and Legal Structure:
The National Commercial Bank was the first Saudi bank to be licensed in the Kingdom. It is considered the largest in the Saudi Arabia and a leading financial institution in the Region. The Bank initiated its business under the name of "The National Commercial Bank" following the Royal Decree on 20 Rabi Thani 1373H (26 December 1953).
In 1999, the Government through the Ministry of Finance's Public Investment Fund (PIF) acquired a majority holding in the Bank.
The National Commercial Bank owns direct 90.71% and indirect owns 5.2% of NCB Capital, its investment arm the Premier Investment bank in the Kingdom, and owns 67.03% of Türkiye Finans Katılım Bankası (TFKB), the leading participation bank in Turkey.
Financial Indicators:
- NCB is one of the largest Bank in the Arab world. The Bank’s paid-up capital is SR 20,000 million (US$ 5,333 million).
- Total assets at 30 September 2015 totaled SR 477,311 million (US$ 127,283 million).
- Net profit attributable to equity holders of the Bank for 30 September 2015 totaled SR 6,962 million (US$ 1,857 million).
- Shareholders’ equity attributable to equity holders of the Bank as at 30 September 2015 totaled SR 50,855 million (US$ 13,561 million)
- Return on average Shareholder’s equity for 30 September 2015 amounted to 19.33%
- Earnings per share for 30 September 2015 amounted to SR 3.49 (US$ 0.93)
Key Facts & Figures:
- At September 2015, the Bank operated 344 branches throughout the Kingdom, dedicated exclusively to Islamic Banking services
- At September 2015, the Bank’s customers surpassed more than 3,263,213 million clients.
- At September 2015, the Bank employees throughout the Kingdom reached a total manpower of 8,342, 94.6% of which are Saudis.
- At September 2015, the Bank has operated 2,060 Automated Teller Machines throughout the Kingdom.
- Over 83.91% of customer transactions had been successfully executed through alternative delivery channels during September 2015.
NCB Capital
NCB Capital – NCB’s investment arm – continues to build a market-leading position. Today, it puts advice on asset allocation and a growing discretionary portfolio management business firmly at its center, alongside the firm’s highly regarded mutual funds.
Türkiye Finans Katılım Bankası
Türkiye Finans Katılım Bankası, the leading Turkish participation bank, in which NCB owns a 67.03 percent shareholding, continued to grow in 2015.
Türkiye Finans’s branch network comprises 285 branches and is the second largest network in Turkey’s participation banking sector. In customer segmentation, the bank refined its processes to provide improved offerings to certain segments.
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Gold Partner
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Arab National Bank
Gold Partner
ANB HERITAGE
Arab National Bank was established in 1979, by Royal Decree M/38, taking over the existing operations of Arab Bank in the Kingdom of Saudi Arabia.
ANB, a Saudi Listed Joint Stock Company, now ranks amongst the 10-15 largest banks in the Middle East. Headquartered in the capital city of Riyadh, the Bank is supported by Regional Offices in Jeddah and Khobar, and has a branch in London. Over the past 38 years, ANB has been committed to live up to its brand promise of being “A Friend Indeed”.
ANB GROUP
ANB Group offers comprehensive commercial and investment banking services, in addition to specialized services in the fields of heavy equipment leasing, home finance and insurance.
ANB is a universal commercial bank catering for the diverse needs of its Corporate and Retail clients.
To service a large and varied customer base which exceeds 2 million, the Bank has an extensive distribution network, with 322 premises spanning over the Kingdom. These include upwards of 204 branches (of which 51 are Ladies’ Branches/ Sections) 96 remittance centers (TeleMoney) and 22 sales centers.
Complementing the traditional distribution points, ANB has 1,300 ATMs, and around 20,000 point-of-sale terminals. The bank also provides its services through an award-winning customer contact center, a technologically advanced, yet customer-friendly, online banking service and via smart phones through ANB Mobile application.
ANB Invest, a wholly-owned subsidiary of ANB, is the investment banking arm of the Group. It provides advisory services in addition to brokerage and asset management.
Al-Arabi Heavy Equipment Leasing (AHEL), a 82.5%-owned subsidiary, specializes in lease-financing for heavy equipment.
Saudi Home Loans (SHL), a 40%-owned affiliate in partnership with the International Finance Corporation (IFC) and Dar Al-Arkan, caters for the growing needs of home finance.
ANB Insurance, a Saudi joint stock company, with ANB, MetLife Alico and Chartis (AIG) as joint-venture partners, provides corporate and personal insurance products.
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Strategic Knowledge Advisor
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EY | Assurance | Tax | Transactions | Advisory
Strategic Knowledge Advisor
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.
The MENA practice of EY has been operating in the region since 1923. For over 90 years, we have grown to over 5,000 people united across 20 offices and 15 countries, sharing the same values and an unwavering commitment to quality. As an organization, we continue to develop outstanding leaders who deliver exceptional services to our clients and who contribute to our communities. We are proud of our accomplishments over the years, reaffirming our position as the largest and most established professional services organization in the region.
© 2016 EYGM Limited.
All Rights Reserved.
This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.
ey.com/mena
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Media Partner
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CNBC Arabia
Media Partner
CNBC Arabia is the Arab World's preeminent and first 24-hour Arabic language financial and business information Channel, presenting in-depth & up-to-the-minute coverage of regional and international affairs from an Arab economic perspective. CNBC Arabia brings real-time information to the most influential, powerful and affluent audience in the Middle East and Northern Africa.
Broadcasting to the Middle East and North Africa, from Dubai, free – to – air on Nilesat and Arabsat, with bureaus in major MENA region, CNBC Arabia is supported by the global newsgathering resources of CNBC.
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Media Partner
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Oxford
Media Partner
Oxford Business Group (OBG) is a global publishing, research and consultancy firm, which publishes economic intelligence on the markets of the Middle East, Asia, Africa and Latin America and the Caribbean.
OBG offers comprehensive analysis of macroeconomic and sectoral developments, including banking, capital markets, energy, infrastructure, industry and insurance.
OBG’s acclaimed economic and business reports are the leading source of local and regional intelligence, while OBG’s online economic briefings provide up-to-date in-depth analysis. OBG’s consultancy arm offers tailor-made market intelligence and advice to firms operating in these markets and those looking to enter them.
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Supporting Partner
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ICSA Software
Supporting Partner
With over 25 years’ experience, ICSA Software International and ICSA Boardroom Apps Limited are the software companies of the Institute of Chartered Secretaries and Administrators (The ICSA).
Renowned for our global entity management, corporate governance and compliance software, as well as highly secure board portals for the iPad and Windows devices, we have been the supplier of choice for company secretarial departments and boardrooms around the world.
BoardPad is the industry leading meeting and document collaboration solution that turns directors’ devices into easy to use digital board and meeting packs, accessible online or offline from any location.
Blueprint OneWorld is a web-based entity management, governance and compliance solution, allowing users to access and manage their corporate compliance data 24/7, anytime, anywhere.
Our commitment to providing a suite of highly secure and integrated solutions is the reason why many FTSE100, FORTUNE 500, EURONEXT 100, ASX 200, government organisations and public bodies trust us to manage their corporate information to deliver good governance across the board.
Contact Details
ICSA Software International
ICSA Boardroom Apps Limited
Loft Offices – 2
Unit 101
Dubai Media City
PO Box 500299
Dubai
UAE
Tel. +971 (0)43 754 906
uae@icsasoftware.com
www.icsasoftware.com
info@boardpad.com
www.boardpad.com
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Supporting Partner
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i-DETECT
Supporting Partner
iDETECT® is a nextgen enterprise risk management platform that provides an end-to-end functional coverage and protection against the full financial crime spectrum through a secure browser-based solution, which is also highly configurable by end users. We achieve outstanding results that were difficult, if not impossible, to achieve with previous technology.
iDETECT® is transforming the risk management area with user behaviour analytics (UBA) based on machine-learning and predictive models. Using the latest techniques to monitor for threats, iDETECT® provides Actionable Intelligence to protect against targeted and under-the-radar attacks using both structured and unstructured data. GARTNER®, the leading research company, says that by 2017, at least 80% of companies that adopt UBA will achieve at least a 5-to-1 ROI within one year of implementation by achieving productivity gains and lower security or fraud incidence costs.
iDETECT® integrates structured and unstructured data, provides advanced search and discovery capabilities, enables knowledge management, and facilitates secure collaboration for the most demanding customers. The platform effectively addresses topics like AML, CTF, KYC, KYCC, KYT, fraud (including internal and external threats), market abuse, cybercrime and more.
iDETECT® is backed by world renowned-experts in compliance, investigation, intelligence and security as required to deliver best-of-breed technology and achieve exceptional clarity and insight to protect our client’s assets and reputation.
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Supporting Partner
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Riyad Bank
Supporting Partner
Riyad Bank is one of the largest financial institutions in Saudi Arabia and the Middle East, with a strong corporate and retail banking franchise. Mobilizing its substantial capital base and with decades of expertise to assume a leading role in all areas of Saudi finance, Riyad Bank is a leading financier and arranger of syndicated loans in the oil, petrochemicals, and most of the Kingdom’s notable infrastructure projects. We offer our customers an accessible and expanded network of more than 300 branches, which includes 81 dedicated ladies branches, and 19 self-service electronic branches. A branch in London and Offices in Houston (USA), and Singapore help us support the international banking needs of our customers.
Our internet banking services (web-based and mobile apps) use the latest electronic technologies to address the banking needs of our customers. The bank has also kept its lead in the ATMs network, as the number of multi-functional ATMs is now more than 2,700 distributed in strategic & carefully selected locations.
Financial Performance
Riyad Bank achieved SAR 4,049 million net income for the year ended December 31, 2015 compared to SAR 4,352 million at the end of 2014, a decrease of 6.7%. Total operating income reached SAR 7,989 million by end of December 2015 compared to SAR 8,012 at the end of 2014, decrease of 0.3%.
Financial Strength
Total assets as at end of December 2015 reached SAR 223,316 million compared to SAR 214,589 million at the end of 2014, an increase of 4.1%. Customer deposits are higher by 1.8% to reach SAR 167,090 million by end of December 2015, against SAR 164,079 million at the end of 2014. Loans and Advances increased by 8.4% and stood at SAR 144,674 million against SAR 133,490 million by end of December 2014.
Risk Rating
Standard & Poor’s Rating Agency maintained its short-term liability rating for Riyad Bank to an ‘A-1’ whereas lowered the long-term liability rating to ‘A’. It maintained the overall outlook for Bank at Negative.
The international Fitch Ratings Agency maintained the ‘A+’ issuer default rating for Riyad Bank. Additionally, the Capital Intelligence Agency also maintained the Bank an ‘AA-’ for long-term liabilities and an ‘A1+’ for short-term liabilities. Both these agencies have reduced the outlook for bank by one notch to Negative from Stable.
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Supporting Partner
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BAE
Supporting Partner
We help nations, governments and businesses around the world defend themselves against cybercrime, reduce their risk in the connected world, comply with regulation, and transform their operations.
We do this using our unique set of solutions, systems, experience and processes - often collecting and analysing huge volumes of data. These, combined with our Cyber Special forces - some of the most skilled people in the world, enable us to defend against cyber-attacks, fraud and financial crime, enable intelligence-led policing and solve complex data problems.
We employ over 4,000 people across 18 countries in the Americas, APAC, UK and EMEA.
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