STC Bank launches business portal for businesses, entrepreneurs and freelancers

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Updated 10 February 2026
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STC Bank launches business portal for businesses, entrepreneurs and freelancers

STC Bank has launched a business portal as part of its strategy to provide integrated and Shariah-compliant digital banking services targeting multinationals, entrepreneurs and self-employed. The move reflects the bank’s commitment to enhancing and facilitating the banking experience through modern digital solutions.

The Business Portal is the first integrated digital experience that enables business customers to start their banking relationships and manage their entire business through a single digital platform, designed to meet the needs of various sectors, providing an easy and flexible banking journey characterized by simplicity and ease of use.

The portal provides a comprehensive dashboard that allows business owners to efficiently manage users, financial structuring and authorization matrix, where users can be added, assigned, and manage access to banking services flexibly within an advanced digital experience.

The Business Portal also includes a full range of banking services, most notably payments and remittances, beneficiary management, statement review and extraction, digital certificate issuance, as well as employee salary management, giving business owners full control over their financial operations through a unified and secure platform.

STC Bank allows registration and availing of business portal services through its website, while ensuring the highest levels of security using the latest cybersecurity and advanced financial technologies.

The launch of the upgraded Business Portal is part of STC Bank’s digital transformation journey toward building an integrated digital bank, which provides innovative banking solutions that contribute to supporting the growth of the business sector and enhancing the digital economy in the Kingdom.


Sulaiman Al-Rajhi Endowment projects worth SR8bn launched in Makkah

Updated 19 February 2026
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Sulaiman Al-Rajhi Endowment projects worth SR8bn launched in Makkah

Sulaiman Al-Rajhi Real Estate Company has announced the launch of several real estate projects belonging to the Sulaiman Al-Rajhi Endowment system in Makkah, with a total investment exceeding SR8 billion ($2.1 billion). These projects include commercial, residential, and hospitality developments, as well as strategic land plots, as part of the company’s commitment to supporting the Kingdom’s real estate sector and enhancing the quality of life in the holy city.

The announcement was made during a field tour by a delegation of high-level officials including Saleh Al-Rasheed, CEO of the Royal Commission for Makkah City and Holy Sites; Ihsan Bafakih, chairman of the board of directors of Sulaiman bin Abdulaziz Al-Rajhi Holding Company; Haitham Al-Fayez, chairman of Sulaiman Al-Rajhi Real Estate Company and CEO of Sulaiman Al-Rajhi Holding Company; Moath Al-Mukhudub, managing director and CEO of Sulaiman Al-Rajhi Real Estate Company; and Anas Mansour Abadi, CEO of real estate at Sulaiman Al-Rajhi Holding Company and representative of the Sulaiman Al-Rajhi Endowment, alongside members of the board of directors of both the holding and real estate companies and the executive team.

The tour included the launch of the Tilal Towers project, with an investment value of SR2 billion, featuring more than 2,500 hotel rooms, strengthening the hospitality sector in Makkah.

The delegation also visited the Tilal Village project, valued at SR2.8 billion. It is one of the prominent qualitative projects within the hospitality ecosystem in Makkah.

Furthermore, the visit covered the residential buildings within Tilal Village, comprising 828 units, with an investment of SR800 million. The delegation inspected the specialized hospital, medical complex housing, and the office and commercial plazas.

During the tour, a contract was signed for the Al-Rajhi Center project, valued at SR250 million, as part of a comprehensive rehabilitation plan.

The inspection also included the Al-Ukayshiyyah land, spanning 4 million square meters, and the Al-Ghazzawi project land, valued at SR250 million.

The tour concluded with prayers at the Aisha Al-Rajhi Mosque, the second-largest mosque in Makkah after the Grand Mosque, with a capacity for 50,000 worshippers.

This visit underscores the importance of these investments, which represent a clear direction toward enhancing the management of the endowment’s assets through diversification, redevelopment, and strategic expansion, in line with the development goals of the Makkah city and Saudi Vision 2030.

Sulaiman Al-Rajhi Real Estate, a subsidiary of Sulaiman bin Abdulaziz Al-Rajhi Holding Company, continues to provide innovative solutions to elevate the real estate sector to international standards.