Samaco wins Lamborghini distribution rights

Updated 03 July 2018
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Samaco wins Lamborghini distribution rights

Samaco Automotive Company, a prime car dealer in Saudi Arabia, recently announced that it has bagged the distribution and servicing rights for Lamborghini in Saudi Arabia.

The announcement was made during a visit by a delegation from Samaco to Automobili Lamborghini S.p.A. led by Mohammed Samy Raffa, CEO of Samaco Automotive. During the visit, the delegation held a meeting with senior executives of Lamborghini, where both parties discussed all dealership-related matters and agreed on the appointment of Samaco Automotive Company as the new authorized dealer for Lamborghini in Jeddah, Riyadh and Alkhobar.

Damien Percheron, area market manager Middle East and Africa, said: “The vast experience of Samaco Automotive Company in the area of world’s premiere luxurious brands encouraged us to enter into this partnership. We are confident that under the umbrella of Samaco, Lamborghini will be served efficiently and professionally.”

He added: “No doubt that Samaco will spare no efforts to ensure a strong presence and wide exposure of Lamborghini in the Saudi market.” 

Samaco CEO Raffa said: “Lamborghini is one of the world’s most sophisticated automotive brands, it has an outstanding deeply rooted reputation in Saudi Arabia. We will do our utmost to ensure its strong presence in our market through our integrated centers in the main areas of Saudi Arabia.”

He added: “Lamborghini is our crown jewel; we are well prepared to offer our best services to meet the high standards of this luxury car brand. We have already opened three integrated centers for Lamborghini in Jeddah, Riyadh and Alkhobar. Lamborghini’s clients under the dealership of Samaco will experience new levels of after-sales services.” 

Lamborghini recently introduced new models to its range, including the Aventador S Roadster and the Urus.

The Aventador S Roadster is the only mid-rear engine V12 super sports roadster. 

Alongside class-leading performance figures, the roadster’s status is enhanced by multiple color and trim options, including new materials and extensive use of carbon fiber.

The new Lamborghini Urus is a visionary approach based on the infusion of Lamborghini DNA into a sport-utility vehicle (SUV).


STC Bank launches business portal for businesses, entrepreneurs and freelancers

Updated 10 February 2026
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STC Bank launches business portal for businesses, entrepreneurs and freelancers

STC Bank has launched a business portal as part of its strategy to provide integrated and Shariah-compliant digital banking services targeting multinationals, entrepreneurs and self-employed. The move reflects the bank’s commitment to enhancing and facilitating the banking experience through modern digital solutions.

The Business Portal is the first integrated digital experience that enables business customers to start their banking relationships and manage their entire business through a single digital platform, designed to meet the needs of various sectors, providing an easy and flexible banking journey characterized by simplicity and ease of use.

The portal provides a comprehensive dashboard that allows business owners to efficiently manage users, financial structuring and authorization matrix, where users can be added, assigned, and manage access to banking services flexibly within an advanced digital experience.

The Business Portal also includes a full range of banking services, most notably payments and remittances, beneficiary management, statement review and extraction, digital certificate issuance, as well as employee salary management, giving business owners full control over their financial operations through a unified and secure platform.

STC Bank allows registration and availing of business portal services through its website, while ensuring the highest levels of security using the latest cybersecurity and advanced financial technologies.

The launch of the upgraded Business Portal is part of STC Bank’s digital transformation journey toward building an integrated digital bank, which provides innovative banking solutions that contribute to supporting the growth of the business sector and enhancing the digital economy in the Kingdom.