SAB becomes first bank in KSA to receive local content certificate

The achievement reflects SAB's dedication to fostering local development and supporting Saudi Vision 2030 for sustainable growth
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Updated 30 July 2024
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SAB becomes first bank in KSA to receive local content certificate

Saudi Awwal Bank, one of the leading banks in the Kingdom of Saudi Arabia, has become the first bank in the country to have received a “Local Content Certificate” from the Local Content & Government Procurement Authority.

The achievement reflects SAB's dedication to fostering local development and supporting the Saudi Vision 2030 for sustainable growth. 

It is part of the bank's efforts to stay in tune with global standards on environmental, social, and governance practices.

Ghada AlJarbou, chief operating officer at SAB, said: "Obtaining this certificate is an excellent achievement as it reflects the bank’s commitment to persistently improving performance across all its areas to reach its strategic goals and contribute effectively to the Saudi Vision 2030 and the development of the financial sector."

Local content plays a crucial role in developing non-oil sectors and GDP, and the Kingdom's leadership has taken many steps toward enhancing and developing it.

This recognition testifies to SAB's exceptional services and highlights its strength and diversity in catering to its customers' needs with efficiency and innovative solutions.


Alfanar Engineering Services names Amer Al Ajmi CEO

Updated 26 December 2025
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Alfanar Engineering Services names Amer Al Ajmi CEO

Alfanar Engineering Services, a division of Alfanar Projects, has appointed Eng. Amer Al Ajmi as chief executive officer, signaling a new phase of growth and innovation for the company.

The appointment underscores Alfanar’s commitment to strengthening its role as a trusted partner in Saudi Arabia’s energy and infrastructure sectors.

Al Ajmi brings more than 25 years of experience in engineering, energy and international business. His vision focuses on engineering excellence, digital transformation and sustainability. Under his leadership, the company aims to expand its contribution to the Kingdom’s industrial and infrastructure development while supporting a more sustainable energy future.

Alfanar Engineering Services provides integrated technical solutions to the Kingdom’s energy, infrastructure, private and government sectors. Its core business lines include motor and generator repair and rewinding, power services, testing and calibration, and technical and engineering training.

The company maintains a strong presence through regional offices across major Saudi cities, supported by a 24/7 engineering team that ensures uninterrupted operations and service availability nationwide.

At the center of its operations is Alfanar Technical Services, one of the largest specialized facilities in the region for repair, rewinding and maintenance of electrical equipment, including transformers, generators and motors. The company serves energy, oil, petrochemical and mining industries, as well as critical infrastructure such as hotels, hospitals and public utilities.

Alfanar operates three advanced facilities in Jubail and Riyadh, covering more than 200,000 square meters, with an expansion underway in Yanbu to meet growing demand driven by the Kingdom’s industrial transformation.

“Leading Alfanar Engineering Services is both an honor and a responsibility,” Al Ajmi said. “Our focus is on building a sustainable and technologically advanced future where our people, innovation and expertise deliver long-term impact across every sector we serve.”