stc Pay Bahrain wins recognition in Dubai

Nezar Banabeela, CEO of stc Bahrain
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Updated 06 June 2023
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stc Pay Bahrain wins recognition in Dubai

stc Pay, the new subsidiary company of stc Bahrain, won the “Best Mobile Payments Solution Provider” award, at the 10th annual International Finance Awards held in Dubai. 

The award was presented to stc Bahrain in light of its achievements in empowering the fintech sector by launching stc Pay, and being at the forefront of helping Bahrain progress toward its vision of evolving into a cashless and digital economy with intelligent and sustainable digital payment solutions. stc Pay Bahrain is the only mobile wallet in the country, providing an all-in-one financial services feature for all types of transactions.  

Nezar Banabeela, CEO of stc Bahrain, said: “We are honored to accept this remarkable award in acknowledgement of our contributions to further the kingdom’s digital transformation journey by introducing new innovations in digital payments and empowering the local community.”

We hope to continue making an impact in the fintech sector by continuously providing innovative services and paving the way to advance the sector within Bahrain and the region.”

stc Bahrain launched stc Pay to address the need for on-the-go payment solutions that cater to the community’s financial service needs. The application has been instrumental in empowering the low-income expat workforce previously unbanked by the financial services sector, with a secure, affordable and convenient way to address financial needs.


Alfanar Engineering signs MoU with Schneider Electric Saudi Arabia

Updated 02 February 2026
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Alfanar Engineering signs MoU with Schneider Electric Saudi Arabia

Alfanar Engineering Services announced the signing of a strategic MoU with Schneider Electric Saudi Arabia during its participation in the Saudi Arabia Smart Grid Conference. Both Schneider Electric and Alfanar Engineering have committed to further enhancing operational excellence and customer-centric service delivery thereby ensuring long-term asset reliability of their clients in the Kingdom.

Alfanar Engineering brings to the collaboration a strong in-Kingdom service footprint, supported by extensive operations and maintenance capabilities, advanced testing and commissioning equipment, and a network of specialized service centers and labs strategically located across Saudi Arabia. These capabilities enable the delivery of responsive, high-quality technical support tailored to the needs of critical infrastructure and industrial operations. Schneider Electric, with its extensive installed base of energy management and automation solutions, plays a key role in supporting mission-critical facilities and national industries across the Kingdom.

The collaboration was signed by Sattam Al-Motairi, chief operating officer of Alfanar Engineering Services, and Mohamed Shaheen, cluster president — Saudi Arabia, Schneider Electric. It brings together Alfanar’s local operational expertise and service reach with Schneider Electric’s global technologies and service standards. Together, the two companies will enhance service reliability, improve response efficiency, and deliver greater value through sustainable solutions that optimize asset lifecycles. The MoU also supports the development of localized technical services, contributing to the Kingdom’s objectives for sustainable infrastructure, localization, and industrial resilience.

Al-Motairi said: “At Alfanar Engineering Services, we believe that true value is created long after equipment is installed, through reliable service, fast response, and teams that understand the realities of the field. This collaboration with Schneider Electric enables us to enhance the delivery of after-sales services across the Kingdom, combining deep local expertise with world-class technology. Our focus is clear: keeping critical operations running, supporting our customers’ long-term success, and contributing meaningfully to Saudi Arabia’s industrial and infrastructure ambitions.”

Oday Al-Aithan, vice president of field services for Schneider Electric in Saudi Arabia, Pakistan, Yemen, and Bahrain, said: “At Schneider Electric, we are turning advanced energy management and digital solutions into tangible outcomes through our partnership with Alfanar Engineering Services. By combining our integrated technologies, extensive installed base, and global expertise as a leading energy technology partner with Alfanar’s strong in-Kingdom field services, we deliver smarter, faster, and more reliable solutions that optimize asset performance, accelerate response times, and support resilient, sustainable infrastructure, contributing to the Kingdom’s Vision 2030.”