QNB Group, the largest financial institution in the Middle East and Africa, has inaugurated its branch in Riyadh. Senior bank officials and distinguished representatives from the banking and business sectors attended an inauguration ceremony held in the presence of Ahmed bin Abdul Karim Al-Khulaifi, governor of the Saudi Arabian Monetary Authority (SAMA), Sheikh Abdullah bin Saud Al-Thani, governor of Qatar Central Bank, Ali Ahmed Al-Kuwari, QNB Group CEO, and a number of Qatari diplomats.
Through its branch and its business hub extending along King Fahd road, QNB Group will provide a comprehensive suite of banking products and services to individuals, businesses and government departments. This complements its extensive expertise in wealth and investment portfolio management, project finance, smart banking solutions, and assorted innovative banking products and services that meet the requirements of the Saudi market.
QNB Group CEO Al-Kuwari hailed the inauguration of the new branch, pointing out the group’s access into the Saudi market is part of the group’s strategic plan to be present in all markets that have a strong and resilient economy. “Saudi Arabia is one of these economies, especially considering its ranking among the world’s 20 strongest economies,” he said.
“Through our presence in Riyadh, we strive to become a major partner in promoting Saudi Arabia’s economic development by providing banking solutions to individuals, businesses, and government departments in both Saudi Arabia and Qatar. This is in line with the group’s successful expansion of its global reach in Asia, Europe, and the Middle East and North Africa region.
QNB Group’s successful expansion is the result of well-researched risk management policy, as well as the forward-looking strategies that aim at diversifying our activities in Qatar and abroad,” Al-Kuwari added.
Al-Kuwari also praised the Saudi government for its support of the banking industry, as evidenced by the implementation of streamlined procedures for the establishment of foreign banks, and for facilitating the authorization process to open a branch for the bank in the Kingdom.
QNB Group has successfully maintained the highest brand value in the Middle East and North Africa, thus strengthening its position in the region.
QNB Group inaugurates its Riyadh branch
QNB Group inaugurates its Riyadh branch
SUV reimagined: Abdul Latif Jameel Motors launches new Toyota RAV4 in Kingdom
Abdul Latif Jameel Motors, the authorized distributor of Toyota vehicles in Saudi Arabia since 1955, has announced the launch of the new Toyota RAV4, reinforcing its commitment to delivering efficiency and enhanced features within the SUV segment in the Kingdom.
The new RAV4 features a modern design that exudes confidence, supported by comprehensive enhancements across technology, safety systems, and vehicle features, further elevating the driving experience and meeting the evolving needs of guests.
The model is available in multiple grades that include gasoline and expanded hybrid options, providing guests with broader choices that combine performance and improved fuel efficiency.
Additionally, the new RAV4 introduces multiple performance configurations, including a two-liter gasoline engine delivering 170 horsepower and 203 Nm of torque. The upgraded hybrid engine offers a 2.5-liter powertrain producing 230 horsepower in front-wheel drive and 239 horsepower in all-wheel drive variants, with up to 221 Nm of torque.
Safety is enhanced through the latest generation of Toyota Safety Sense, advanced driver assistance technologies, blind spot monitor, panoramic view monitor, and a comprehensive airbag system, offering greater confidence across various driving conditions.
The new model also offers enhanced digital features, which include a 12.3-inch digital instrument cluster and a central display of up to 12.9 inches in higher grades, in addition to refined comfort features that enhance the overall in-vehicle experience.
Mazin Ghazi Jameel, managing director of Toyota marketing operations at ALJ Motors, said: “The all-new RAV4 represents a strategic step in strengthening our presence within the SUV segment in the Kingdom of Saudi Arabia. By offering expanded hybrid options and enhanced features, we are delivering a vehicle that meets the daily mobility needs of our guests while reinforcing Toyota’s commitment to quality and reliability.”
Since 1955, ALJ Motors has worked in collaboration with Toyota to deliver a distinguished vehicle ownership and after-sales experience across the Kingdom. Leveraging decades of expertise across the mobility value chain, ALJ Motors continues to enhance its products and services to meet the evolving expectations of its Saudi customers.
