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SADAD
The SADAD payment system was established by the Saudi Arabian Monetary Agency (SAMA) to be the national electronic bill presentment and payment (EBPP) service provider for the Kingdom of Saudi Arabia Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in Western Asia. It covers the bulk of the Arabian Peninsula, and has a land area of about , making it the fifth-largest country in Asia, the second-largest in the Ara ... (KSA). The core mandate for SADAD is to facilitate and streamline bill payment transactions of end consumers through all channels of the KSA (Kingdome of Saudi Arabia) Banks. SADAD was launched on May 19, 1999. SADAD links the commercial sector and local banks, offering the ability to collect customer payments electronically through all the banking channels in the KSA (Kingdome of Saudi Arabia) 24 hours a day. History and background SAMA mandated that all banks accept bill payments from anyone at their branches. The payer does n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saudi Arabian Monetary Agency
The Saudi Central Bank ( ar, البنك المركزي السعودي), previously known as the Saudi Arabian Monetary Authority (SAMA; ar, link=no, مؤسسة النقد العربي السعودي), established in 1952, is the central bank of the Kingdom of Saudi Arabia. After the name change in 2020, the Saudi Central Bank continued to use the same acronym (SAMA). History Prior to the establishment of the Saudi Central Bank, the Saudi Hollandi Bank, a branch of the Netherlands Trading Society from 1926 acted as a de facto central bank. It kept the Kingdom's gold reserves and received oil revenues on behalf of the Saudi Arabian government. In 1928 it assisted in the establishment of a new Saudi silver coin, commissioned by King Abdulaziz which became the Kingdom's first independent currency. The Saudi Hollandia Bank handed over its responsibilities to the SAMA when it was established in 1952 and became a model for other foreign banks in the kingdom. The building's current hea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Commercial Bank (Saudi Arabia)
Saudi National Bank (SNB), also known as SNB AlAhli ( ar, البنك الأهلي السعودي, formerly known as The National Commercial Bank (NCB), is the largest commercial bank in Saudi Arabia. In April 2021, National Commercial Bank merged with Samba Financial Group under the name of Saudi National Bank. SNB Group The Saudi National Bank “SNB Group” “Arabic: البنك الأهلي السعودي” is a Saudi bank headquartered in Riyadh, the capital city of Saudi Arabia. The bank was founded in December 1953 under the name of the National Commercial Bank “NCB”. In 2021, SNB has emerged as a banking champion after completing one of the largest mergers in the region between the National Commercial Bank and Samba Financial Group. Currently, SNB has subsidiaries and affiliates operating in 8 countries around the world. The Saudi National Bank is overwhelmingly owned by the Saudi Government represented by the Public Investment Fund and the General Organization ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Organization For Social Insurance
The General Organization for Social Insurance (GOSI) is a Saudi Arabian government agency concerned with social insurance Social insurance is a form of social welfare that provides insurance against economic risks. The insurance may be provided publicly or through the subsidizing of private insurance. In contrast to other forms of social assistance, individuals' ... in the country. GOSI is supervised by a board of eleven directors from government departments, employers and insured persons. Calculations of GOSI are based on earning of an employee (basic salary + housing allowance) of a particular organization. Calculations are divided into 3 categories: # GOSI for Saudi National # GOSI for GCC (Corporation Council for Arab States) Nationals # GOSI for Non-Saudi Nationals {{authority control Government agencies of Saudi Arabia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saudi Authority For Industrial Cities And Technology Zones
The Saudi Authority for Industrial Cities and Technology Zones ( ar, الهيئة السعودية للمدن الصناعية ومناطق التقنية), also known simply as MODON ( ar, مُدُن) is a government organization created by the Government of Saudi Arabia in 2001 through Ministerial Legislation No. 235 dated 27/8/1422H. It is responsible for the regulation and promotion of Industrial Estates and Technology Zones in Saudi Arabia and to encourage the private sector to become involved in the development, operation and maintenance of Industrial Estates. Director Generals of MODON Tawfiq Al Rabiah Tawfig F. AlRabiah (Arabic: توفيق بن فوزان الربيعة) (born 26 October 1965) is the current Minister of Hajj and Umrah for Saudi Arabia. He served as Minister of Health from May 2016 until October 2021 when he became Minister o ... was Director General of MODON from April 2007 to January 2012. Eng. Saleh Al-Rasheed was Director General of MODON from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Culture And Information (Saudi Arabia)
The Ministry of Media ( ar, وزارة الإعلام) is one of the governmental bodies of Saudi Arabia and part of the cabinet. The main function of the ministry is to regulate the media of Saudi Arabia and the communications between Saudi Arabia and other countries. It is headquartered in Riyadh. The ministry's current incarnation was founded in 2018 after Saudi's former Ministry of Culture and Information split duties into the Ministry of Media and the Ministry of Culture. History The ministry was founded in 1962 as the ministry of information. The first minister of information was Jamil bin Ibrahim Al Hujaylan. In 2003, its portfolio was expanded to include cultural affairs and was renamed as the ministry of culture and information. later, on 1 June 2018 the culture was separated from the media resulting in two different ministries: Ministry of Culture and Ministry of Media. Iyad bin Amin Madani served in the post between February 2005 and 14 February 2009. His successor w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Qiyas
In Islamic jurisprudence, qiyas ( ar, قياس , "analogy") is the process of deductive analogy in which the teachings of the hadith are compared and contrasted with those of the Quran, in order to apply a known injunction ('' nass'') to a new circumstance and create a new injunction. Here the ruling of the Sunnah and the Quran may be used as a means to solve or provide a response to a new problem that may arise. This, however, is only the case providing that the set precedent or paradigm and the new problem that has come about will share operative causes (, ''ʿillah''). The ʿillah is the specific set of circumstances that trigger a certain law into action. An example of the use of qiyās is the case of the ban on selling or buying of goods after the last call for Friday prayers until the end of the prayer stated in the . By analogy this prohibition is extended to other transactions and activities such as agricultural work and administration. Among Sunni Muslims, Qiyas has bee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saudi Commission For Tourism And National Heritage
The Ministry of Tourism (MoT; ar, وزارة السياحة, translit=Wizārah al-Sīāḥah), before 2020 as the Saudi Commission for Tourism and National Heritage (SCTH), till 2015 as the Saudi Commission for Tourism and Antiquities (SCTA) and prior to 2008 as the Supreme Commission for Tourism (SCT), is a government ministry in Saudi Arabia that is concerned with the tourism sector of the country. Established in the year 2000 through a royal decree by King Fahd, it was transformed into a ministry in 2020. Foundation SCTH foundation has passed through several stages before reaching to its current structure by becoming the only public administration authorized and responsible for tourism and national heritage in the Kingdom. These stages are as follows: # On 12/01/1421 AH, (16/04/2000), Saudi Council of Ministers issued Resolution No. (9), approving the establishment of “Supreme Commission for Tourism” (SCT), stressing that tourism is one of the major productive sectors ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arabian Shield Cooperative Insurance Company
Arabian Shield Cooperative Insurance Company is an insurance companies within the Kingdom of Saudi Arabia. History The company was established on May 19, 2007. It is located in Riyadh. It operates as a Saudi public joint stock company A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareholders are ... and is licensed by Saudi Arabian Monetary Agency (SAMA)." Summary Arabian Shield Cooperative Insurance Company sells insurance products including motor, marine, property and medical insurance. In addition, the company also provides claim settlement services to its policyholders. Its customer base includes the private individuals and also the corporate clients. 2012 Arabian Shield Cooperative Insurance Company was among the major gainers in Saudi markets gaining more than 35% during the first ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bupa Arabia
Bupa Arabia (pronounced ) is a Saudi-owned and operated publicly traded company with 800 million Saudi riyal in paid-in capital. Bupa Arabia provides health insurance in accordance with the requirements of the Council of Cooperative Health Insurance and the Saudi Arabian Monetary Authority (SAMA). Bupa Arabia is an associate business of the Bupa Group, a worldwide healthcare organization. Background Under insurance regulations, Bupa Arabia evolved its business from a joint venture to a publicly listed company offering cooperative health insurance. In 2008, Bupa Arabia offered 40% of its shares to the public in the most successful IPO ever floated for an insurance company in Saudi Arabia, and the remaining 60% were divided between BUPA Investments Overseas Co. and Nazer Group. In 2012, BUPA Investments Overseas Co. acquired Nazer Group's stake in Bupa Arabia. In 2014, BUPA Investments Overseas Co. acquired a significant stake in The Mediterranean and Gulf Cooperative Insurance ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emirates NBD
Emirates NBD Bank PJSC is Dubai's government-owned bank and is one of the largest banking groups in the Middle East in terms of assets. History and profile Emirates NBD was initially formed as National Bank of Dubai (NBD) on 19 June 1963 by then Dubai's ruler Sheikh Rashid bin Saeed Al Maktoum, forming the first national bank established in Dubai. NBD merged with Emirates Bank International (EBI) on 6 March 2007, to form Emirates NBD. On 16 October 2007, the shares of Emirates NBD were officially listed on the Dubai Financial Market (DFM). On 1 December 2012 Dubai Bank was acquired by Emirates NDB. As of 31 December 2020, total assets were AED 698 billion, deposits of AED 464 billion, the total income of AED 23.21 billion, and a net profit of AED 7 billion. The Group has operations in the UAE, Egypt, India, Saudi Arabia, Singapore, the United Kingdom, and representative offices in China and Indonesia. On October 7, 2022, Emirates NBD Bank PJSC sold 86,316,964 ordinary shares o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banque Saudi Fransi
Banque Saudi Fransi (BSF) (Arabic: البنك السعودي الفرنسي) is a Saudi Joint Stock company which was established in 1977. The bank is affiliated with Crédit Agricole Corporate and Investment Bank. Credit Agricole CIB is a fully-fledged member of the Crédit Agricole Group, the second largest bank in France, and seventh amongst banks of the Eurozone by total equity. As of 2019, Banque Saudi Fransi had total assets of 178 billion SAR. BSF has a banking network of about 120 branches across the Saudi Kingdom and employs over 3,000 staff. The bank's head office is located in Riyadh and the company has three regional offices in Jeddah, Al-Riyadh and Al-Khobar History Banque Saudi Fransi was established in accordance with the Royal Decree No. m. 32 dd 17 Jumada II 1397H 4 June 1977. Following the transfer of Banque de l'Indochine et de Suez operations in Saudi Arabia, Banque Saudi Fransi officially commenced its operations on 5 September 1989 under CR No. 1010073368 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Riyad Bank
Riyad Bank is one of the largest financial institutions in Saudi Arabia, ranked fourth in assetsFour Charts That Show the Impact of Saudi Arabia's New Mega Bank ''Bloomberg'' It was established in 1957. The Saudi government owns 51% of the shares of the firm. As other Saudi commercial banks, Riyad Bank is supervised by the . In March 2018, Riyad Bank launched contactless payment wristbands, using the Gemalto digital security solution. In December 2018, Riyad bank went into preliminary discussions with [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
