New Murabba launches training program for young Saudis

New Murabba has identified exceptional graduates who embody the program’s values.
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Updated 28 December 2024
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New Murabba launches training program for young Saudis

New Murabba — a PIF Company — has announced the launch of its inaugural Graduates Program, a strategic initiative designed to cultivate and empower the next generation of Saudi leaders. The program welcomed its first cohort, marking a significant milestone in New Murabba’s commitment to developing exceptional talent and contributing to the Kingdom’s Vision 2030 goals.

Through a rigorous selection process, New Murabba has identified exceptional graduates who embody the program’s values. This immersive program will equip these individuals with critical skills in construction, engineering, project management, artificial intelligence, and other key areas, ensuring they are prepared to contribute to building the world’s “largest and most transformative downtown.”

“Aligned with Saudi Vision 2030, New Murabba is dedicated to investing in the nation’s future by providing unparalleled opportunities for its youth,” the company said in a statement. “This program exemplifies the company’s commitment to education, training, and workforce localization. Participants will embark on a transformative journey that seamlessly integrates structured on-the-job training with targeted learning courses.” 




Mamdouh Al-Quraishi, chief corporate services officer at New Murabba

Mamdouh Al-Quraishi, chief corporate services officer, said: “By cultivating the next generation of leaders, New Murabba aspires to build a brighter tomorrow for our nation. We are confident these graduates will shape the future of our community and drive innovation on a global scale.”

The New Murabba Graduates Program represents a significant investment in the future leaders of Saudi Arabia. This initiative, along with other upcoming efforts, will lay the foundation for a new generation of skilled professionals who will remarkably support the continuous development taking place in the Kingdom.


SAB’s new instant account opening service empowers SMEs

Updated 13 November 2025
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SAB’s new instant account opening service empowers SMEs

Saudi Awwal Bank, one of the leading banks in the Kingdom, has launched a new instant account opening service for sole proprietorships.

The launch of the new digital solution took place during Biban 2025, organized by the Small and Medium Enterprises General Authority, known as Monsha’at, from Nov. 5 to 8 at the Riyadh Front Exhibition and Conference Center under the theme “A Global Destination for Opportunities.”

The new solution for small and medium enterprises underscores SAB’s commitment to empowering SMEs in the Kingdom through innovative, secure digital banking services that simplify account opening. It supports the bank’s ongoing efforts to advance Vision 2030 by helping businesses grow and contribute to economic diversification.

The service enables business owners to open accounts instantly through a fully digital platform that completes every step online. It offers a faster, more convenient banking experience while expanding access for the SME sector.

Yasser Al-barrak, chief corporate and institutional banking officer at SAB, said: “At SAB, we continue to invest in technology that transforms the way our customers do business. The instant account opening platform marks a major step forward, allowing entrepreneurs to start their banking relationship within minutes through a secure digital process.” 

SAB’s Corporate Account Opening Platform has received the “Global SME Banking Innovation Award” for three consecutive years from The Digital Banker publication. The platform now enables businesses to open accounts within minutes and instantly access banking services through the SAB iCorp app, including payroll management and other key features.

By launching this new digital service, SAB strengthens its role in supporting entrepreneurship and driving financial innovation across Saudi Arabia. The bank continues to invest in digital solutions that empower business owners and contribute to a thriving, sustainable SME sector.