Over 1 million pilgrims benefit from golf cart service at Grand Mosque during Ramadan    Visitors welcomed with Eid initiative at Thee Ain Heritage Village in Al-Baha    Tebuk emir reviews rain response in Tayma    Saudi Arabia considers rent cap as part of major real estate reforms    Messi's bodyguard banned from touchline at Inter Miami games    Screen time in bed linked to insomnia, study finds    Le Pen vows to appeal political ban, calls verdict a 'denial of democracy'    Death toll from Myanmar earthquake rises to 2,719 as rescue efforts continue    Russia, Ukraine trade blame over new energy strikes    Putin orders Russia's largest military call-up in over a decade    Albania hosts MWL chief for Eid sermon at largest mosque in the Balkans    Haramain High-Speed Railway transports over 1.2 million passengers during Ramadan    Saudi Transport Authority says passengers can ride for free if taxi meters are off    Ministry of Education forms 425 community partnerships with SR653 million impact    Mexico bans junk food in schools to fight childhood obesity epidemic    Sweet sales surge ahead of Eid as Saudi chocolate imports top 123 million kg in 2024    Saudi creatives shine at Jeddah's Fawanees Nights with art, fashion, and storytelling    T1 CEO confirms Gumayusi's return for LCK Spring after lineup shakeup    100 Thieves claim Marvel Rivals Invitational NA crown as 2025 scene heats up    Bollywood actress vindicated over boyfriend's death after media hounding    Saudi Arabia hold Japan to goalless draw in Saitama to stay in World Cup hunt    Grand Mufti rules against posting prayers and preaching in mosques on social media    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



GIB launches trial phase of retail services in Kingdom
Published in The Saudi Gazette on 09 - 07 - 2014


Dr. Yahya Alyahya
JEDDAH – Gulf International Bank (GIB) has launched the trial phase of its retail banking services to customers in Saudi Arabia under the brand name, ‘meem م. The bank will provide services to the retail banking sector using a bold and innovative approach focused on technology and will provide a suite of non-traditional products that are considered a new addition to the Saudi banking sector which is set to propel the bank into a new era.
In developing its retail services for specific customers, GIB adopted the co-creation concept with a large target customer base using various social media channels over the last three years to contribute to the shaping of ‘meem's م' identity, as well as defining the Bank's product offering throughout the establishment phase. This co-creation experience is considered the first of its kind in the banking sector globally.
‘meem م' is a registered trademark and an independent brand, offering a suite of innovative Shariah-compliant non-traditional banking services that are approved by the Saudi Arabian Monetary Agency (SAMA) and target a technophile customer base.
Initially, ‘meem م' network comprises service centres in the three main cities of Riyadh, Jeddah and Dhahran and is managed by GIB's KSA Head Office in Dhahran, Saudi Arabia.
‘meem م' has incorporated the latest and most advanced technologies in all of its services, products and retail banking operations in order to offer benefits such as ease, convenience and transparency to customers, enabling them to carry out all of their banking needs themselves whether via the various service centers or using online banking, mobile and tablet applications.

Dr. Yahya Alyahya, GIB CEO, expressed his delight in launching GIB's new retail banking services in the Saudi Arabian market, stating that the launch of ‘meem م' comes in response to the needs of a wide array of customers who want a new breed of banking services. He went on to say: “By launching ‘meem م' we are enabling customers to benefit from a range of banking services that are both simple and flexible by availing effective solutions which create a smooth and holistic banking experience.”

Dr. Alyahya anticipated that ‘meem م' will gain acceptance of customers looking for speed and ease in managing their banking requirements.
Customers will not have to visit the various specialised service centres except once during registration to finalize opening their bank accounts. From then on, all services will be carried out electronically using a unique and different approach.
Dr. Alyahya concluded by commenting that the launch of ‘meem م' by GIB comes as a direct result of the booming and prospering Saudi economy, where the per capita income is on the rise in general, together with the stability of the banking system which has enabled it to achieve good returns on investment over the past few years.

GIB is a leading bank in the Middle East with its principal focus on the Gulf Cooperation Council (GCC) states offering a range of financial products and services that meet the needs of its customers. These services include investment banking services, asset management, financial market products, initial public and private offerings, sukuk and bonds issuance and Shariah-compliant financial services.

The bank is owned by the six GCC governments, with the Public Investment Fund of Saudi Arabia holding a majority stake (97.2 percent). In addition to its main subsidiaries Gulf International Bank (UK) Ltd. and GIB Capital, the Bank has branches in London, New York, Riyadh and Jeddah, in addition to representative offices in Beirut and Abu Dhabi. – SG


Clic here to read the story from its source.