NCB incentives for Tayseer card holders

Updated 08 October 2013
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NCB incentives for Tayseer card holders

The National Commercial Bank (NCB) recently launched new benefits for Tayseer credit card holder. They include cash rewards and exclusive promotions with a new group of NCB premium partners, in addition to instant discounts on all Tayseer purchases.
The new benefits of Tayseer credit card include up to 2 percent cash back on all credit card purchases when using Titanium and Platinum cards, exclusive cash back of up to 15 percent from its premium partners in more than 250 branches through the Kingdom, "SR700 Welcome Cashback," and many other cash back benefits. The card holders will enjoy the rewards in a very interesting manner, where cash back is calculated on total spend of primary and supplementary cards combined.
In an effort to expand its base of premium partners, NCB announced that Tayseer card holders will benefit from exclusive cash back rewards with its new partners — ACE Travel, Izone, SACO, Toys R US, Tokyo Games, RED TAG, UPE, Bateel.
This new package of benefits comes in line with the advanced services that NCB presents to its customers being the leading bank in providing inventive Islamic banking solutions that can meet the financial and service requirements of its customers and advance its banking services.
In addition, NCB recently launched Hemayati Plus Program for NCB Islamic credit card holders. The program ensures protection for customers and their family by paying the due amounts on their cards in certain cases. In doing so, the bank seeks to provide its customers inside and outside the Kingdom with high quality service.


Bupa Arabia No. 1 in public disclosure & transparency

Updated 11 February 2019
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Bupa Arabia No. 1 in public disclosure & transparency

Bupa Arabia for Cooperative Insurance ranked No.1 in the “public disclosure and transparency” category of the Corporate Governance Index (CGI) rating for publicly listed companies.
The Corporate Governance Center (CGC) at the College of Business of Alfaisal University issues an annual report which includes the CGI rating based on sound corporate governance principles set by the CMA, the Saudi Arabian Monetary Authority (SAMA) and the Organization for Economic Cooperation and Development (OECD).
The most recent report, the second annual ratings, covering the 2016 fiscal year, ranked Bupa Arabia first under the public disclosure and transparency category.
“Bupa Arabia ensures robust public disclosure and transparency, in both Arabic and English, through a variety of platforms, including its website, annual reports, Tadawul announcements and others,” said Chief Risk Officer of Bupa Arabia Ali F. Hamdan.
“Good governance is essential for publicly listed Saudi companies in the increasingly competitive global market, and public disclosure and transparency is one of the most important principles of corporate governance,” he added.
Public disclosure and transparency are essential elements of a robust corporate governance framework as they provide the base for informed decision-making by shareholders, stakeholders and potential investors in relation to capital allocation, corporate transactions and financial performance monitoring. The importance of transparency has been widely recognized by both academics and market regulators, resulting in numerous rules and regulations being introduced by the Capital Markets Authority (CMA) to ensure timely and reliable disclosure of financial information, creating the standards and procedures for corporate governance of companies listed on the Saudi stock exchange (Tadawul) so as to strengthen their standing in the international market.
Today, the CMA’s initiative to enhance public disclosure and transparency is taking on a new meaning resulting in more comprehensive and proactive disclosures instead of the release of corporate governance details or policies in a “reactive” fashion. The newly adopted concept of transparency putting more responsibility on the listed companies not only allows the truth to be available for the public but also imposes its disclosure to every stakeholder.
Transparency and strong corporate governance are needed in both domestic and international transactions and at all phases of investment. With the CMA’s new rules and regulations, companies have no choice but to push for good, transparent data availability. Rapid transparent data is becoming integral to the establishment of a reduced risk investment environment.
Saudi Arabia plans to uplift corporate governance and transparency practices as it plays a crucial role in reducing investor risk and increasing investment flows, especially after the CMA declared in April that deeper corporate governance reforms are required in line with global governance standards.