Al-Hail ORIX Finance PSC, parent company of SAMA, has announced the signature of a formal agreement and the formation of a strategic partnership with UAE-based award-winning fintech payments company Monami Tech.
The primary aim of the collaboration is to deploy Monami Tech’s technology for SAMA’s business and consumer lending project.
This initiative will be an integral part of Al-Hail ORIX Finance’s digital transformation with a full adoption of the platform now poised for completion.
“Al-Hail ORIX Finance is now ideally positioned to become a leading digitally empowered financial institution in the country,” said Ammar Afif, managing director, Monami Tech.
Commenting on this relationship at a signing ceremony held at the Address Boulevard, Afif added: “As a fintech disruptor, one of Monami Tech’s major value pillars is the importance we attach to constant innovation.
We created Lendme, a frictionless digital service for financial institutions to provide instant loans at the point of decision across multiple channels, from e-commerce to merchants, and through mobile application. Digitizing lending upfront and as such avoiding overheads and lead times usually associated with activating a branch or retail footprint, will facilitate SAMA’s speed to market and give them a decisive edge with consumers.”
Arshi Islam, CEO of Al-Hail ORIX Finance PSC, said: “This is a vital technology partnership that will tangibly contribute to all aspects of our offering and visibly enhance the entire experience for our customers.”
Sama, Monami Tech ink strategic partnership
Sama, Monami Tech ink strategic partnership
Australian minister Don Farrell launches LuLu festival
Regional retail chain Lulu Hypermarket officially launched the Australian Fest on Wednesday at its Diplomatic Quarter branch in Riyadh. The grand inauguration was led by Senator Don Farrell, minister for trade and tourism and special minister of state for Australia, as the chief guest. The event, which celebrated the rich culinary heritage and premium produce of Australia, was attended by a high-level delegation from the Australian government, alongside Mohammed Haris, director of LuLu Hypermarket Saudi Arabia, and senior LuLu officials.
The festivities commenced at the supermarket entrance, where Farrell performed the official ribbon-cutting ceremony under a beautifully designed, Australian-themed ceremonial gate. This marked the formal opening of a week-long celebration dedicated to bringing the best of Australian flavors to the Saudi capital. Following the inauguration, the minister led a guided store walk-through, exploring premium product showcases and vibrant displays in the Meat Area. A dedicated thematic showcase of fresh fruits and vegetables from Australia was also highlighted, emphasizing the authenticity and freshness that the country’s agriculture is known for globally.
The tour reached a celebratory peak at the bakery section, where the chief guest was invited for a commemorative cake-cutting ceremony to mark the launch of the festival. During his official address, Farrell shared his insights on the significance of the event, stating that it is a pleasure to witness the Australian Fest in Riyadh. He said that the event is more than just a showcase of Australian products, but rather a testament to the growing partnership between Australia and Saudi Arabia, making these high-quality products easily accessible to shoppers in the Kingdom.
Meanwhile, Haris expressed his gratitude for the visit, noting that the team is deeply honored to welcome Farrell and the Australian government delegates. He said that the Australian Fest is a cornerstone of LuLu’s commitment to offering customers global diversity and the highest quality products. He further added that LuLu is proud to serve as the bridge connecting Saudi shoppers with the authentic excellence of Australian agriculture.
The Australian Fest is offering residents an exclusive opportunity to explore and purchase a wide variety of Australian-made products at special promotional prices.
