SAB’s new instant account opening service empowers SMEs

Hani Zahran, General Manager of Small and Medium Enterprises at SAB, attends the launch of the bank’s new digital solution during Biban 2025.
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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.


Preventive care: rethinking everyday health in Saudi Arabia

Updated 10 December 2025
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Preventive care: rethinking everyday health in Saudi Arabia

In Saudi Arabia, a quiet revolution is reshaping the way people think about health. It is not happening in operating rooms or emergency wards — it is unfolding in homes, schools, and communities. It is imperative we ask ourselves: what if health began long before the doctor’s visit? What if the most powerful interventions were the ones we made every day — at home, at school and in our communities?

This philosophy is at the heart of Haleon’s work in Saudi Arabia, where the consumer healthcare company is helping redefine what it means to be healthy. It is not just about curing illness; it is about preventing it. It is not just about access; it is about empowerment. And it is not just about innovation; it is about inclusion.

Prevention as a national imperative

Saudi Arabia’s Vision 2030 and its Health Sector Transformation Program have placed preventive care at the center of the national strategy. This is not just policy — it is a paradigm shift. From chronic disease management to oral hygiene education, the Kingdom is investing in initiatives that help people stay healthy, not just get treated.

This shift is especially critical in a region where lifestyle-related conditions like diabetes, heart disease, and obesity are on the rise. By promoting healthier habits and early intervention, Saudi Arabia is not only improving individual outcomes, it is reducing long-term strain on hospitals and clinics.

From awareness to action

Health literacy remains one of the most overlooked barriers to better outcomes in the pursuit toward preventive health, with low health literacy associated with 2.8 times higher health costs per person. By focusing on everyday habits, Haleon is shifting the narrative from reactive care to proactive wellness.

Darśana Nair, general manager of Haleon Saudi Arabia, said: “When people understand their health, they’re empowered to protect it.”

This belief drives Haleon’s broader investment in wellness, including its Pain Management Institute, a resource hub for both professionals and patients navigating chronic pain. With 70 percent of its Saudi business dedicated to over-the-counter products, Haleon is championing accessible, preventive care that meets people where they are.

Inclusivity as a strategy

Haleon’s commitment to health equity is evident in its outreach; the company ensures that no community is left behind. Arabic-language materials and culturally tailored programs make health information more relevant and actionable, breaking down barriers and building trust.

Global roots, local impact

Headquartered in Jeddah, Haleon has built a workforce that is nearly 50 percent Saudi nationals and invested in local manufacturing, including the production of Panadol in the Kingdom. This localization strategy strengthens supply chains, supports job creation, and aligns with Saudi Arabia’s broader goals for industrial growth and economic resilience.

“Our collaboration with the Ministry of Investment to localize Panadol manufacturing is just one example of how we support job creation, industrial growth, and supply chain resilience,” said Nair. “By promoting prevention and self-care, we also help reduce the long-term burden on hospitals and make the healthcare system more sustainable for everyone.”

A new era of everyday health

Haleon’s work in Saudi Arabia is more than corporate strategy — it is a vision for the future. “We believe that better everyday health is possible for everyone,” Nair said. “Working alongside our partners and communities, we are proud to support Saudi Arabia’s vision for the future.”

  • The writer, Darsana Nair, is general manager at Haleon.