DUBAI: Thales has signed a two-year maintenance contract with Saudi Railway Company (SAR) to maintain the signaling, telecommunication and electromechanical systems of the Kingdom’s North-South Railways project.
The 2,400-kilometer rail project, transports passengers from the capital city of Riyadh to Qurrayat in northern Saudi Arabia in addition to the heavy transport of minerals such as raw phosphates and bauxite from the Wa’ad Al-Shamal phosphate mine.
As part of the agreement, Thales will work with Buraydah’s Saudi Railway Polytechnic to train 1,500 students to obtain vocational qualifications in the fields of health and safety, mechanical, electrical, civil engineering, signaling, telecommunications, rolling stock maintenance and train driving, the company said in a statement.
“This will allow SAR maintenance teams to gradually take over the maintenance activities for the duration of the two-year contract,” it said.
“In line with [Saudi Vision 2030] and [the National Transformation Program,] this project further illustrates Thales’ commitment to ensure the SAR maintenance [personnel] are able to continue in their efforts long after our contract expires, and contribute toward the kingdom’s success,” Jean-Yves Tolot, country director for Thales in Saudi Arabia said.
Thales signs two-year maintenance contract with Saudi Railway Company
Thales signs two-year maintenance contract with Saudi Railway Company
‘Wealth Grows Here’: Aljazira Bank launches new brand identity
Aljazira Bank announced the launch of its new brand identity under the slogan “Wealth Grows Here,” marking a natural evolution in a growth journey spanning more than five decades. Over the years, successive phases of transformation have shaped the bank into what it is today, with the new identity serving as the culmination of a strategic chapter that strengthened the bank’s role within the Saudi banking sector.
As part of this milestone, the new brand launch also extended to Aljazira Capital, the bank’s investment arm, reflecting a unified vision and strategic alignment across the group. The updated identity of Aljazira Capital underscored its evolution as a specialized investment and wealth management institution, focused on delivering carefully structured investment solutions and strengthening its role as a trusted partner in building and growing long-term investment portfolios, fully aligned with the bank’s broader direction.
The announcement also included the launch of the new identity for Fawri, aligning it with the bank’s updated brand and reflecting its commitment to delivering reliable and seamless financial transfers within an advanced and integrated financial ecosystem.
Naif bin Abdulkareem Al-Abdulkareem, CEO and managing director of Aljazira Bank, said: “The new brand identity goes beyond a visual change; it is a true reflection of what the bank has become today. Since the strategic refresh in 2023, we have restructured how we operate, aligned our business lines around a shared objective, and strengthened execution. The progress we see today, in service quality and speed of delivery — confirms that we are moving in the right direction.”
The new identity reflects the outcomes of the bank’s 2023 strategic transformation, a pivotal milestone in its journey. This phase focused on developing an integrated banking ecosystem with a stronger emphasis on individual wealth management, supported by a more agile and efficient operating model led by digital channels. It balanced sustainable growth with strengthening the corporate portfolio, accelerating investment in digital infrastructure and human capital, and enhancing operational efficiency.
Since its establishment, Aljazira Bank has progressed through successive stages of growth, evolving from a traditional bank into a more innovative and specialized financial institution. Today, it places wealth management at the core of its proposition, offering a banking experience built on long-term relationships and a deep understanding of clients’ financial aspirations. In parallel, the bank has continued to reinforce its role as a trusted partner to the business sector, serving large corporates as well as small and medium-sized enterprises through solutions that support growth, sustainability, and the Kingdom’s broader economic development goals.
At the heart of this direction stands the bank’s new slogan, “Wealth Grows Here,” which captures its role as a key partner in building and preserving wealth for individuals and businesses alike, creating sustainable value beyond the delivery of traditional banking services.
