Saudi Hollandi Bank (SHB) has selected an integrated transaction banking solution from Misys, the global leader in financial services software solutions, as part of the bank’s strategy to upgrade its trade finance and cash management online services.
The contract comes as SHB aims to broaden its portfolio of cash management services to customers across the Kingdom and become a top five trade finance provider within the next two years. The new integrated solution will be rolled out in 2013 and will improve the performance of the bank’s trade finance division through increased efficiencies in the unit’s operations to help the division meet the bank’s growth aspirations.
The agreement between Misys and SHB was signed in the presence of SHB’s Chairman Mubarak bin Abdullah Al-Khafrah, managing director Bernd Van Linder, and Misys GM for the Middle East and South Asia Maruf Majid following a competitive tender process orchestrated by SHB involving several global firms in the financial software market. It will consolidate SHB’s software platforms for trade finance and cash management services for the first time.
“Misys was able to show us a compelling case for how we can meet our ambitious expansion targets using its software and services and by building a robust back-office engine to enable that desired growth,” said Bernd van Liner. “Misys’ product vision, commitment market leadership to innovation and ability to execute were the decisive factors in this project, which we anticipate bringing great value to our offerings in the years ahead and an improvement in the service we provide our customers.”
SHB expands trade finance services supported by Misys
SHB expands trade finance services supported by Misys
Ajdan cements role in major projects by signing MoU with King Salman International Airport in Riyadh
Ajdan cements role in major projects by signing MoU with King Salman International Airport in Riyadh
Ajdan Real Estate Development Company signed an MoU with King Salman International Airport during the Public Investment Fund & Private Sector Forum 2026.
The MoU aims to explore areas of cooperation and identify opportunities for mixed-use real estate and commercial development that will enhance project quality and meet the highest standards of efficiency and excellence. Representing Ajdan at the signing ceremony was its CEO, Eng. Mohammed bin Abdulmohsen Al-Otaibi, while Dr. Mohammed Al-Jarallah, deputy chief executive for real estate development, signed on behalf of King Salman International Airport. The MoU establishes a strategic framework for future cooperation and paves the way for a long-term partnership on a number of flagship projects.
Under this memorandum, Ajdan collaborates with King Salman International Airport on the development of mixed-use spaces and commercial facilities within the airport’s premises, building on its role as a national real estate developer delivering innovative projects that advance sustainable development. The company will leverage its expertise in the planning, design, and management of integrated commercial destinations to ensure project execution meets the highest standards of quality and sustainability.
King Salman International Airport is one of the Kingdom’s largest strategic development projects in terms of area and operational ambition. The airport spans approximately 57 sq. km, of which about 12 sq. km are allocated for mixed-use real estate development, in addition to fully integrated economic and logistics zones covering more than 3 million square meters.
These developments will enhance the integration of real estate, commercial, and service activities. The airport targets handling 100 million passengers annually by 2030, supported by comprehensive upgrades to facilities, infrastructure, and logistics services, positioning it as an advanced multi-sector investment platform and a driver of economic growth.
Eng. Mohammed bin Abdulmohsen Al-Otaibi, CEO of Ajdan, stated: “We take pride in our collaboration with King Salman International Airport, which reflects Ajdan’s commitment to developing integrated destinations in line with global standards. Through this partnership, we aim to leverage our expertise to deliver innovative solutions that create sustainable value for the airport and enhance the visitor experience.”
KSIA Acting CEO Marco Mejia said: “These seven partnerships reflect our ambitious vision to transform KSIA into a fully integrated urban and economic ecosystem that goes beyond the traditional concept of airports. We are proud to collaborate with a distinguished group of leading national real estate developers whose deep expertise and strong track records will help deliver high-quality projects, create sustainable economic value, and further position the airport as a leading investment hub.”
This step is part of Ajdan’s strategy to expand its strategic partnerships and develop sustainable urban and commercial destinations that help improve the quality of life and support economic growth across the Kingdom.
